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

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..