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Mold Tek Packaging to raise fund

News: Mold Tek Packaging to raise Rs 150 crore  via QIP to fund capex.

Views: Mold Tek Packaging has decided to raise Rs 150 crore to fund upcoming capex for its new injection blow moulding technology and new plant in Kanpur for paint company. We believe, new product launches, client additions and wallet share gain from existing customers will help drive comapny's revenue at 20% CAGR  for FY21-24E.

Impact: Positive