EPL has allotted 3,06,380 equity shares under ESOS on 03 March 2025. With this allotment, the paid up equity share capital has increased to Rs. 63,91,19,470 divided into 31,95,59,735 Equity Shares (having face value of Rs. 2 each). Powered by Capital Market - Live News

Blackstone (NYSE:BX) today announced that private equity funds managed by Blackstone have entered into a definitive agreement with Indorama Netherlands, B.V. (INBV or Investor), a group entity of Indorama Ventures Public Company (IVL) to sell a minority stake in EPL, a leading global specialty packaging company and the largest global manufacturer of laminated tubes.Pursuant to the definitive agreements, INBV will acquire a minority stake of ~24.9% of EPL from Blackstone at a purchase price of Rs 240 per share. The sale is expected to be completed in the coming months, subject to customary closing conditions and approvals. At completion, IVL, in its capacity as a financial investor, will be entitled to appoint one nominee director to the board of EPL. Powered by Capital Market - Live News

The Board of EPL at its meeting held on 24 February 2025 has approved the execution of:(a) a share purchase agreement by and amongst Epsilon Bidco (Epsilon), Indorama Netherlands B.V. (Indorama) and the Company, (b) a shareholders` agreement by and amongst Epsilon, Indorama and the Company, and (c) other ancillary documents that may be executed between Epsilon, Indorama or the Company. (the shareholders` agreement and the share purchase agreement are collectively referred to as Transaction Documents).The SPA records the terms and conditions on which Epsilon has agreed to sell, and Indorama has agreed to purchase 7,94,94,085 equity shares representing 24.90% stake in the equity share capital of the Company for Rs 240 per equity share amounting to an aggregate consideration of Rs 1907,85,80,400, subject to certain adjustments. Epsilon is the promoter of the Company and holds 51.45% stake in the Company.Powered by Capital Market - Live News

Net profit of EPL rose 8.59% to Rs 93.50 crore in the quarter ended December 2024 as against Rs 86.10 crore during the previous quarter ended December 2023. Sales rose 4.02% to Rs 1014.30 crore in the quarter ended December 2024 as against Rs 975.10 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1014.30975.10 4 OPM %19.8718.81 - PBDT186.80178.50 5 PBT100.5094.30 7 NP93.5086.10 9 Powered by Capital Market - Live News

EPL will hold a meeting of the Board of Directors of the Company on 11 February 2025.Powered by Capital Market - Live News