Merger29 March 2026 at 02:01 pm
EPL Ltd Approves Merger with Indovida India Private Limited
AI Summary
EPL Ltd has approved the execution of a Merger Implementation Agreement with Indovida India Private Limited. The merger is subject to necessary statutory and regulatory approvals and is expected to be on a going concern basis under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013. The merger is expected to be at arm's length basis.
Key Highlights
- EPL Ltd approved the execution of a Merger Implementation Agreement with Indovida India Private Limited.
- The merger is subject to necessary statutory and regulatory approvals.
- The merger is expected to be on a going concern basis under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013.
- The merger is expected to be at arm's length basis.
- Indorama Netherlands B.V. holds 24.44% stake in the Company and 99.99% of the share capital of Indovida India.
EPLPackaging
EPL LtdPrice Impact