<article>Huhtamaki PPL is acquiring Ajanta Packaging for $15.1 million, while Balrampur Chini has made an initial investment of $5.7 million in Auxilo Finserve.</article>

Huhtamaki PPL is acquiring Ajanta Packaging for $15.1 million, while Balrampur Chini has made an initial investment of $5.7 million in Auxilo Finserve.
<h3>Huhtamaki PPL to acquire Ajanta Packaging for $15.5m</h3>
Huhtamaki PPL, the Indian unit of Finnish packaging firm Huhtamaki, has entered into an agreement to acquire Ajanta Packaging, India at an enterprise value of Rs 1003 million ($15.5 million).
According to a filing to the stock exchanges, the transaction will be carried out on a slump sale basis. This acquisition will help the company in consolidating its position in pressure sensitive label business, it said.
The transaction is likely to be closed in a month.
Ajanta Packaging is one of the pioneers &amp; largest privately owned label printers in India, having state of art manufacturing facilities in Daman (Western India) and Baddi (North India).
<h3>Balrampur Chini makes initial investment of $5.7m in Auxilo Finserve</h3>
Sugar major Balrampur Chini Mills has invested around Rs 37.5 crore ($5.75 million) in education-focused NBFC Auxilo Finserve in lieu of a 50 per cent stake. Balrampur Chini is investing through a preferential allotment of shares.
The remaining 50 per cent will be held by Enam Holdings’ principal advisor Akash Bhanshali.
Both the investors have committed to make further investments of about Rs 175 crore.
In September last year, the board of Balrampur Chini Mills hadapproved an investment of upto Rs. 37.50 Crores as first tranche and a cumulative investment of Rs 175 Crores, in tranches, over a period of five years in financing activities in education sector.
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Huhtamaki PPL is acquiring Ajanta Packaging for $15.1 million, while Balrampur Chini has made an initial investment of $5.7 million in Auxilo Finserve.

India Dealbook: Huhtamaki PPL to acquire Ajanta Packaging; Balrampur Chini backs Auxilo Finserve

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India Dealbook: Huhtamaki PPL to acquire Ajanta Packaging; Balrampur Chini backs Auxilo Finserve

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