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EPL inks pact to acquire 49% stake in Clean Max Aria

12 Jul 2024 Evaluate

EPL has entered into a Share Purchase Agreement (SPA) with Clean Max Enviro Energy Solutions (Clean Max) and Clean Max Aria (CMAPL), whereby the Company will acquire 49% equity shares of CMAPL from Clean Max. The company has entered into SPA on July 11, 2024 with Clean Max and CMAPL.

The objective of acquisition is to develop a captive power generation facility in the State of Maharashtra having a wind capacity of 3.3 MW and solar capacity of 3.3 MWp DC (2.2 MW AC); and in the State of Gujarat having a hybrid capacity of 3.3 MW (3.3 MW Wind and 2.15 MWp Solar), for the plants of the company situated at Vasind, Wada (Maharashtra) and Vapi (Gujarat), respectively.

EPL is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space.


EPL Share Price

235.25 -1.05 (-0.44%)
21-Apr-2026 10:05 View Price Chart
Peers
Company Name CMP
Uflex 402.70
EPL 235.25
AGI Greenpac 573.25
Huhtamaki India 190.80
TCPL Packaging 2639.00
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