CCI Approves Indorama’s 24.9 per cent Stake Buy in EPL Limited
ECONOMY & POLICY

CCI Approves Indorama’s 24.9 per cent Stake Buy in EPL Limited

The Competition Commission of India has approved the proposed acquisition of a 24.9 per cent equity stake in EPL Limited by Indorama Netherlands B.V.

The transaction involves Indorama Netherlands B.V., a private limited liability company incorporated in the Netherlands and an indirect subsidiary of Indorama Ventures Public Company Limited, acquiring nearly a quarter of EPL Limited’s share capital.

EPL Limited operates in the packaging sector, specialising in the manufacture and sale of laminated and extruded plastic tubes.

A detailed order from the Commission is expected to be issued shortly.

The Competition Commission of India has approved the proposed acquisition of a 24.9 per cent equity stake in EPL Limited by Indorama Netherlands B.V.The transaction involves Indorama Netherlands B.V., a private limited liability company incorporated in the Netherlands and an indirect subsidiary of Indorama Ventures Public Company Limited, acquiring nearly a quarter of EPL Limited’s share capital.EPL Limited operates in the packaging sector, specialising in the manufacture and sale of laminated and extruded plastic tubes.A detailed order from the Commission is expected to be issued shortly.

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