New Delhi: The Competition Commission of India granted EPL merger approval for the proposed merger of Indovida India Private Limited with and into EPL Limited under a corporate restructuring arrangement announced on Tuesday.
According to the proposal, Indovida India will merge with EPL Limited through absorption. Following the merger, EPL will issue shares proportionately to the shareholders of Indovida India as part of the transaction structure.
Indovida India is a newly incorporated Indian company and a wholly owned subsidiary of Indorama Netherlands BV. The company forms part of the Indorama Ventures Public Company Limited group and its affiliates.
The IVL Group operates in fibres, recycling, specialty chemicals and packaging businesses across international markets. Officials said the group continued expanding its packaging and manufacturing presence through strategic restructuring initiatives.
Meanwhile, EPL Limited is a publicly listed Indian company engaged in manufacturing and selling packaging products. The company has a significant presence in the packaging sector and operates across domestic and international markets.
Industry observers said the latest approval reflected continuing consolidation activity in India’s manufacturing and packaging industries. They also noted that large companies were increasingly pursuing restructuring exercises to strengthen operational efficiency and market positioning.
Share allotment plan forms part of transaction
The Competition Commission stated that EPL, as the resultant entity after the merger, would allot shares to Indovida India shareholders on a proportionate basis.
Officials said the transaction involved entities linked to the global IVL Group. They added that the merger would proceed under the approved framework placed before the commission.
The regulator also clarified that a detailed order explaining the decision would be issued separately at a later stage.
Corporate sector analysts said such restructuring exercises often help companies streamline operations, improve resource utilisation and strengthen long-term business planning.
The approval came amid growing merger and acquisition activity across several sectors, including manufacturing, chemicals and packaging businesses in India.
