19 hrs ago
Blackstone exits EPL through Rs 2,032 crore stake sale
Blackstone owned a large part of a packaging company called EPL.
It sold all of those shares in a market transaction.
The shares were worth about Rs 2,032 crore in total.
Several Indian investment funds and overseas investors bought some of the shares.
Quant Mutual Fund was the biggest identified buyer.
EPL’s share price fell after the sale.
EPL is also planning to merge with another packaging company called Indovida India.
The merger is intended to create a much larger business.
Blackstone affiliate Epsilon Bidco sold its entire 26.38% stake in EPL Ltd for Rs 2,032.33 crore.
The sale involved 8,44,79,781 shares at an average price of Rs 240.57 each.
Quant Mutual Fund bought over 1.43 crore shares, raising its EPL holding to 6.95% from 2.47%.
Domestic funds, insurers and foreign investors including the Public Sector Pension Investment Board and Abu Dhabi Investment Authority bought shares.
EPL shares fell 8.47% to close at Rs 239.90 after the transaction, which came ahead of a proposed merger with Indovida India.
- Who
- Blackstone, through its affiliate Epsilon Bidco Pte Ltd, sold its EPL stake; domestic and foreign investors bought shares.
- What
- The investor sold 26.38% of EPL Ltd, comprising 8,44,79,781 shares, for Rs 2,032.33 crore.
- Where
- The transaction involved EPL Ltd, a Mumbai-based packaging company, and was reported through NSE bulk-deal data.
- When
- The transaction took place on Tuesday and was published on September 2, 2026.
- Why
- The sale came ahead of EPL’s proposed merger with Indovida India Pvt Ltd.
Key facts
- Seller
- Epsilon Bidco Pte Ltd, an affiliate of Blackstone
- Company
- EPL Ltd, formerly Essel Propack
- Stake sold
- 26.38%
- Shares sold
- 8,44,79,781
- Transaction value
- Rs 2,032.33 crore
- Average sale price
- Rs 240.57 per share
- EPL closing price
- Rs 239.90, down 8.47% on the NSE
- Proposed merger
- EPL plans to merge with Indovida India Pvt Ltd; Indorama Ventures is slated to hold 51.8% in the merged entity and Blackstone 16.6%
Sources
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