Merger27 May 2026, 05:32 pm
EPL Ltd gets CCI approval for Indovida India merger
AI Summary
EPL Ltd has received approval from the Competition Commission of India (CCI) for the Scheme of Amalgamation of Indovida India Private Limited with EPL Limited. The approval was conveyed via a letter dated May 26, 2026, under Section 31(1) of the Competition Act, 2002. The Board of Directors of EPL Ltd had previously approved this scheme on March 29, 2026, subject to necessary statutory and regulatory approvals. This marks a significant step towards the completion of the merger by absorption, though the detailed order from the CCI is still awaited.
Key Highlights
- CCI approved the amalgamation of Indovida India with EPL Limited.
- Approval was granted on May 26, 2026, under the Competition Act, 2002.
- EPL's Board had initially approved the merger scheme on March 29, 2026.
- This is a crucial regulatory clearance for the proposed merger.
- The detailed order from the Competition Commission of India is awaited.
Price Impact
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