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CCI gives nod for Epsilon Bidco’s proposal to buy 75% holding in Essel Propack

04 Jun 2019 Evaluate

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.

Peers
Company Name CMP
Uflex 619.95
EPL 232.35
AGI Greenpac 752.10
Huhtamaki India 241.00
TCPL Packaging 4347.95
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