EPL Limited’s Board of Directors has approved a significant transaction involving promoter Epsilon BidCo Pte. Ltd. and Indorama Netherlands B.V. As per the agreement, Epsilon will sell a 24.90% stake in EPL, amounting to 7,94,94,085 equity shares, to Indorama for ₹1,907.86 crore at ₹240 per share. This transaction is subject to regulatory approvals, including clearance from the Competition Commission of India.
The share purchase and shareholders’ agreements outline Indorama’s rights post-completion, allowing it to appoint one nominee director to EPL’s board and committees, subject to approvals. Indorama will also receive minority protection rights, covering capital structure changes, mergers, demergers, and key business decisions.
Epsilon currently holds a 51.45% stake in EPL and remains its promoter, while Indorama is a new entrant with no prior stake. This deal does not fall under related party transactions and ensures compliance with regulatory norms.
