Acquisitions6 Sept 2025, 07:13 pm
Time Technoplast to Acquire 74% Stake in Ebullient Packaging for ~Rs. 3200 Cr
AI Summary
Time Technoplast Limited has entered into a MoU with the promoters of Ebullient Packaging Private Limited for the acquisition of a 74% equity stake. The deal is estimated to be worth approximately Rs. 3200 Cr. EPPL is a manufacturer of Flexible Intermediate Bulk Containers (FIBCs), polymer drums, jerry cans, small steel containers, and reconditioned IBCs. The company has a strong presence in Western India and exports significantly to overseas markets, particularly Europe. EPPL has projected revenues of approximately Rs. 250 Cr with an EBITDA margin of 10% for FY26, supported by a growth trajectory of ~20% per annum.
Key Highlights
- Time Technoplast to acquire 74% stake in Ebullient Packaging Private Limited for approximately Rs. 3200 Cr.
- EPPL is a manufacturer of FIBCs, polymer drums, jerry cans, small steel containers, and reconditioned IBCs.
- EPPL has a strong presence in Western India and exports significantly to Europe.
- EPPL has projected revenues of approximately Rs. 250 Cr with an EBITDA margin of 10% for FY26.
- The acquisition is subject to customary due diligence, including financial, legal, taxation, and regulatory reviews.