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  1. Australia’s Amcor rises on acquisition of Indian packaging firm Essel Propack

Australia’s Amcor rises on acquisition of Indian packaging firm Essel Propack

Packaging company Amcor Ltd rises as much as 3 pct to its highest since June 26.

By: | Published: July 14, 2015 10:18 AM

Packaging company Amcor Ltd rises as much as 3 pct to its highest since June 26.

Buys Packaging India Private Ltd from Essel Propack  for 1,650 mln rupees.

Says buy will expand its presence in Southern India.

Over 1.3 mln shares change hands, compared with 30-day average of 3.4 mln.

Of 13 brokerages covering stock, six have “buy” or equivalent rating, six have “hold” and one has “sell” rating – Thomson Reuters data.

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