The Competition Commission of India (CCI) has approved Epsilon Bidco’s proposal to buy 75% holding in Essel Propack. The company had in April announced a Rs 3,211 crore deal to raise money by selling out to buyout major Blackstone.
Essel Propack is a flagship company of the Essel group is a producer of plastic packaging material in the form of multilayer collapsible tubes and laminates used primarily for packaging of toothpaste, personal care, cosmetics, pharmaceuticals, household and industrial products.
