Indorama Enters EPL with ₹1,908 Cr Stake Buy; Blackstone Begins Exit

EPL Ltd’s board approved a strategic 24.9% stake sale to Indorama Netherlands B.V. at ₹240/share, valuing the transaction at ₹1,907.85 crore. The deal, executed via a share purchase agreement filed with BSE/NSE, reduces Blackstone’s holding from 51.47% to 26.57%. Indorama gains rights to appoint a board member and veto power on key decisions.

 

EPL’s stock closed at ₹237.95 on BSE (Feb 19), reflecting a market cap of ₹7,597 crore. The partial exit marks Blackstone’s first step toward fully divesting its 2019 investment, with Morgan Stanley advising on the sale. The transaction awaits Competition Commission approval and signals growing interest in India’s sustainable packaging sector, where EPL leads with 8 billion tubes annually.

 

Sources: NSE Filing, BSE Data, Moneycontrol