The Competition Commission of India (CCI) has approved the merger of Indovida India Private Limited with and into EPL Limited
The merger will be executed by way of absorption
In consideration of the merger, EPL (post-merger resultant entity) will issue and allot shares on a proportionate basis to the shareholders of Indovida India
Indovida India is a newly incorporated Indian entity
Indovida India is a wholly owned subsidiary of Indorama Netherlands BV (INBV)
Indovida India and INBV are part of the group comprising Indorama Ventures Public Company Limited (IVL) and its affiliates (IVL Group)
IVL Group is a global conglomerate with business interests in fibres, packaging, recycling and specialty chemicals
EPL Limited is a public listed company based in India
EPL Limited is engaged in the business of manufacturing and sale of packaging products
