Premji Invest invests $25 million in SB Packagings for significant stake

Bengaluru: Premji Invest, the family office of Wipro’s chairman emeritus Azim Premji, has invested $25 million (about Rs 180 crore) in SB Packagings Pvt. Ltd. for a significant stake.

The deal includes a secondary transaction that gives a partial exit to existing shareholders of the New Delhi-based flexible packaging manufacturer, as well as primary capital for capacity expansion and acquisitions.