EPL has invested an amount of Rs 150 crore (equivalent to $1,69,87,542.47) in EPL Brasil, a wholly-owned subsidiary of the company, for acquisition of additional shares. The current investment by the company in EPL Brasil is towards acquisition of its around 96,337,471 equity shares.
This investment is expected to have a favourable impact on EPL Brasil’s financial outlook. The formalities with respect to this investment are expected to be completed by August 31, 2025. The company will continue to hold 100% of the shareholding of EPL Brasil, after this additional investment.
EPL is the largest specialty packaging global company, manufacturing laminated plastic tubes catering to the FMCG and Pharma space.
