The Competition Commission of India has approved the proposed acquisition of shareholding in EPL Limited by Indorama Netherlands B.V.

The proposed combination envisages the purchase of 24.9% equity share capital of EPL Limited by Indorama Netherlands B.V.

Indorama Netherlands B.V. is a limited liability company established in the Netherlands. It is an indirect subsidiary of Indorama Ventures Public Company Limited.

EPL Limited is engaged in the business of manufacturing and sale of packaging products, including laminated and extruded plastic tubes.

Detailed order of the Commission will follow. 

Merger control: Approval for Indorama Netherlands acquisition of a minority stake in EPL Limited announced. The Competition Commission of India approved the proposed acquisition by Indorama Netherlands B.V. of a 24.9% equity stake in EPL Limited. Indorama Netherlands is an indirect subsidiary of Indorama Ventures Public Company Limited, and EPL Limited manufactures and sells packaging products, including laminated and extruded plastic tubes. A detailed order from the Commission will follow.