CCI Approves Merger Of Indovida India Into EPL Limited

28 May 2026 CW Team

The Competition Commission of India (CCI) has approved the merger of Indovida India Private Limited (Indovida India) with and into EPL Limited (EPL). The approval covers an absorption structure under which EPL, as the post-merger resultant entity, will issue and allot shares on a proportionate basis to the shareholders of Indovida India in consideration of the combination. The decision was communicated in a short release from the regulator.

Indovida India is a newly incorporated Indian entity and a wholly owned subsidiary of Indorama Netherlands BV (INBV), and both entities form part of the group comprising Indorama Ventures Public Company Limited (IVL) and its affiliates, collectively referred to hereafter as IVL Group. IVL Group operates globally across fibres, packaging, recycling and speciality chemicals. The merger forms part of an internal reorganisation within the IVL Group and does not, in the release, purport to change the broader strategic footprint of the group.

EPL is a public listed company in India engaged in the manufacture and sale of packaging products and related solutions. Under the proposed combination EPL will absorb Indovida India and undertake the allotment of shares to effect the transfer of ownership to the post-merger entity. The release noted that the allotment will be proportionate to existing holdings in Indovida India.

The Commission indicated that a detailed order will follow, setting out the rationale and any conditions attached to its approval. The release did not disclose operational or financial metrics such as capacities, revenues or timeline for implementation. Market participants and stakeholders were advised to await the formal order for further particulars.

The regulator's clearance signals the completion of a necessary statutory step for the internal consolidation within IVL Group. Further disclosures are expected when the detailed order is published.

Infrastructure Transport

15 Jul 2026

Railways To Operate Over 300 Special Trains For Rath Yatra

Union Railway Minister Ashwini Vaishnaw announced that Indian Railways (IR) will operate more than 300 special trains for the annual Jagannath Rath Yatra in Odisha and over 100 special trains during the Onam festival in Keralam. He flagged off the Nanded–Mumbai and Tanakpur–Nanded Express trains and inaugurated the extension of the Tanakpur–Pilibhit service up to Shahjahanpur via video conference from Rail Sadan in Bhubaneswar. He noted that the summer season, which concluded on 30 June, had seen a record 15,000 special trains. Vaishnaw stated that the newly launched services are intende..

Vande Bharat Express To Start From Tripura Soon

Tripura Chief Minister Manik Saha said the Vande Bharat Express will commence operations from Tripura in the coming days after he flagged off the Agartala–Karimganj MEMU service at Agartala Railway Station. He recalled the rail history of the state, noting that a metre-gauge service first arrived in 1964 and that broad gauge reached Agartala in 2008 following national projects and later upgrades under the Act East policy. The event was described as a milestone for regional connectivity and the MEMU was presented as the first electric passenger train to originate from Tripura.\n\nSaha said he..

MEMU Suspension Disrupts Commuters Between Vadodara And Dahod

The Vadodara–Dahod Mainline Electric Multiple Unit (MEMU) service has been temporarily suspended for 26 days after its rake was diverted to Odisha to manage the surge in passenger traffic during the annual Rath Yatra in Puri. Indian Railways redeployed several MEMU rakes from different zones to meet the additional travel demand for the festival scheduled from the seventh of July to the second of August. As a result, train numbers 69233 and 69234 operating between Vadodara and Dahod will remain cancelled for the duration. Railway authorities advised passengers to use alternative train service..