Indorama Ventures to Acquire 25% EPL Stake from Blackstone

27 Feb 2025 CW Team

Chemical producer Indorama Ventures is acquiring a 24.9 percent minority stake in speciality packaging company EPL Ltd from American private equity firm Blackstone for Rs 19.10 billion. The transaction is valued at Rs 240 per share and is expected to be completed in the coming months, pending regulatory approvals.

Since the acquired stake remains below 25 per cent, no open offer is required. Blackstone’s private equity funds had taken control of EPL, formerly known as Essel Propack, in 2019 and continue to hold a significant share in the company. The transaction will enable Indorama Netherlands BV, a subsidiary of Indorama Ventures, to establish a presence in EPL, the world's largest manufacturer of laminated tubes.

EPL operates 21 production facilities across 11 countries, supplying global brands in the oral care, cosmetics, and pharmaceutical industries. The company reported revenue of Rs 41.37 billion for the 12 months ending December 31, 2024, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 8.06 billion, reflecting a 17 per cent year-on-year increase. It has focused on expanding in emerging markets and strengthening its presence in high-growth segments such as beauty and pharmaceuticals.

Following the transaction, Indorama Ventures will gain the right to nominate a director to EPL’s board. Financial advisory for the deal was provided by Morgan Stanley for Blackstone and Goldman Sachs for Indorama Ventures. Legal counsel was handled by Trilegal and Simpson Thacher for Blackstone, while Khaitan & Co and Chandhiok & Mahajan advised Indorama Ventures.

News source: Business Standard

Image Source: Money Control

Infrastructure Transport

13 Oct 2025

Tata, Airbus to Build India’s First Private Helicopter Line

In a landmark development for India’s aerospace sector, Tata Advanced Systems Limited (TASL) and Airbus will establish the country’s first private-sector helicopter assembly line in Vemagal, Karnataka. The facility will manufacture the Airbus H125 and H125M, marking a significant milestone in India’s push for self-reliance in aviation and defence manufacturing. The new Final Assembly Line (FAL) will produce the H125, the world’s best-selling single-engine helicopter, known for its versatility and performance in extreme environments. The first ‘Made in India’ H125 is expected to ro..

NeGD to Support Bharat Taxi in Building Cooperative Ride Platform

In a significant move for India’s digital and mobility transformation, the National e-Governance Division (NeGD) of the Digital India Corporation, under the Ministry of Electronics and Information Technology (MeitY), has entered into an advisory partnership with Sahakar Taxi Cooperative Limited, the company behind Bharat Taxi — a first-of-its-kind, cooperative-led national ride-hailing platform. A Memorandum of Understanding (MoU) has been signed between NeGD and Sahakar Taxi to provide strategic advisory and technical support covering key areas such as platform integration, cybersecurity..

MeitY Hosts Pre-Summit for India–AI Impact Summit 2026

The Ministry of Electronics and Information Technology (MeitY), Government of India, hosted a series of Pre-Summit events for the upcoming India–AI Impact Summit 2026 at the India Mobile Congress (IMC) 2025 in New Delhi. These sessions mark a key milestone ahead of the main summit, scheduled for 19–20 February 2026 at Bharat Mandapam, New Delhi. Delivering the inaugural address, S. Krishnan, Secretary, MeitY, highlighted India’s innovative and frugal approach to AI development. “We have adopted innovative means by learning from others’ experiences to build projects and products that..