EPL Ltd Board Approves Scheme of Amalgamation with Indovida India Private Limited

EPL Ltd has announced the approval of a scheme of amalgamation with Indovida India Private Limited. The merger is subject to necessary statutory and regulatory approvals, including approval from the BSE Limited, National Stock Exchange of India Limited, Securities and Exchange Board of India, the requisite majority of shareholders and creditors, the jurisdictional National Company Law Tribunal, the Competition Commission of India, and other required approvals. The merger is expected to be on a going concern basis, with the equity shares of the Company to be issued and allotted to the shareholders of Indovida India in accordance with the share exchange ratio stipulated in the Scheme.