Mar 6 2017 | India Opportunities
OEL acquires stake in OCL
Marine logistics company Oricon Enterprises Ltd (OEL) has recently acquired 70 per cent stake in Oriental Containers Ltd (OCL) from its joint venture partners OC Holding Ltd, Mauritius. The stake was acquired at a consideration of Rs 105 crore. The company manufactures wide range of closures, including crowns, plastic beverages and water closures, chamfered caps, aluminium collapsible tubes and other packaging products. The manufacturing facilities are located in Goa and Maharashtra. Apart from this the company has three acre of land at Worli in Mumbai slated for development in the future.