EPL Limited — Updates, 24-02-2025: Press Release

Blackstone has entered into a definitive agreement to sell a minority stake of approximately 24.9% in EPL Limited to Indorama Ventures for INR 240 per share. The transaction is expected to be finalized in the coming months, pending customary approvals. EPL, a global leader in laminated tubes, reported a revenue of INR 4,137 crore and an EBITDA of INR 806 crore for the last twelve months, reflecting a year-on-year growth of around 17%. The company aims to capitalize on its increasing presence in emerging markets and expand its footprint in the beauty, cosmetics, and pharmaceutical sectors, which presents a positive outlook moving forward. Indorama Ventures will appoint one nominee director to EPL's board post-completion, further strengthening the company’s strategic position and growth prospects.