EPL Limited has clarified its stance on media reports suggesting a potential sale of Blackstone’s majority stake in the company. In response to market rumors, EPL has stated it is not privy to any negotiations or discussions regarding such a transaction.
This statement comes after a report by Moneycontrol on January 3, 2025, indicated that Blackstone had engaged Morgan Stanley as the sell-side advisor for exploring a strategic exit. The report suggested that the sale process, while not formally initiated, aims to find a buyer by March 2025, targeting a full stake sale. Blackstone, which holds a 51.47% stake in EPL Limited, is reportedly seeking a significant valuation premium.
At the end of trading on January 2, EPL’s market capitalization stood at approximately ₹8,361 crore, valuing Blackstone’s controlling stake at around ₹4,303 crore. EPL’s share price has appreciated by 32% in the past year, reflecting strong market confidence.
EPL Limited, however, emphasized that it has no knowledge of these discussions, labeling the news as speculative. The company assured stakeholders that it remains committed to complying with SEBI regulations and will make timely disclosures if required.
Blackstone acquired its majority stake in EPL Limited in 2019, making this development significant for both the company and the broader market. While EPL has distanced itself from the speculation, the market continues to monitor further updates on the matter closely.
