Indorama Netherlands, B.V (INBV) is planning to acquire a minority stake of around 24.9% of EPL from Blackstone at a purchase price of Rs 240 per share. The sale is expected to be completed in the coming months, subject to customary closing conditions and approvals.
In this regard, private equity funds managed by Blackstone have entered into a definitive agreement with INBV to sell a minority stake in EPL.
EPL is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space.
