Japanese listed company Oji Holding Corporation, a global leader in paper and packaging industry has acquired 80% equity stake in Punjab-based Empire Packages Private Limited.

Lakshimkumaran & Sridharan acted for Oji Holding. The transaction was led by Sudhir Sharma Executive Partner, Corporate Advisory and M&A practice at L&S along with his team of experts which included Apeksha Bansal (Principal Associate), Sonali Srivastava (Associate), Vidhi Madan (Associate) and Pratham Soni (Associate).

Speaking on the conclusion of the deal, Sudhir said

“Foreign companies are viewing India as a lucrative investment option. This will ensure the growth of our domestic market manifolds. L&S is closely associated with numerous companies for advising and assisting in such cross-border transactions that brings added value to our economy.”

This acquisition would enable Oji Holding to realize their vision of expansion in India giving them access to the paper and packaging industry in the country.

This deal is a significant cross border acquisition that keeps innovation and environmental sustainability at its core.

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