Manjushree Technopack Limited entered into agreement to acquire B2B Business of Pearl Polymers Limited (BSE:523260) for an enterprise value of approximately INR 930 million on September 21, 2020. As of financial year ended on March 31, 2020, B2B Business reported total revenue INR 1,250.1 million and net worth of INR 456 million. The transaction is subject to approval by regulatory board and subject to shareholder approval. The Board of Pearl Polymers Limited approved the deal. The transaction is expected to close in period of approximately 3 months. Manvinder Singh of J. Sagar Associates acted as legal advisor to Pearl Polymers Limited. Aashutosh Sampat, Devendra Deshmukh, Shailendra Bhandare and Anshul Prakash of Khaitan & Co. acted as the legal advisor to Manjushree Technopack. Ernst & Young LLP acted as the financial advisor to Pearl Polymers. Manjushree Technopack Limited completed the acquisition of B2B Business of Pearl Polymers Limited (BSE:523260) on April 12, 2021.