On May 26, 2026, the Competition Commission of India (CCI) announced the approval of a merger involving Indovida India Private Limited and EPL Limited.
**Transaction Details**
The "Proposed Combination" involves the merger of Indovida India Private Limited (Indovida India) into EPL Limited (EPL) via absorption. As consideration for the merger, EPL—the post-merger resultant entity—will issue and allot shares on a proportionate basis to the shareholders of Indovida India.
**Parties Involved**
* **Indovida India Private Limited:** A newly incorporated Indian entity and a wholly owned subsidiary of Indorama Netherlands BV (INBV). It belongs to the Indorama Ventures Public Company Limited (IVL Group), a global conglomerate involved in fibres, packaging, recycling, and specialty chemicals.
* **EPL Limited:** A public listed company based in India. Its primary business operations include the manufacturing and sale of packaging products.
**Official Reference Data**
* **Release Date:** 26 May 2026, 8:27 PM
* **Source:** PIB Delhi
* **Release ID:** 2265619
* **Visitor Counter:** 214
* **Availability:** The release is also available in Urdu and Tamil.
The CCI noted that a detailed order regarding this commission will be issued subsequently.
Key Entities Referenced
Competition Commission of India (CCI): The statutory regulatory body responsible for approving the merger of Indovida India into EPL Limited.
EPL Limited (EPL): An Indian public listed company engaged in manufacturing packaging products, serving as the resultant entity in the merger.
Indovida India Private Limited (Indovida India): An Indian entity and wholly owned subsidiary of Indorama Netherlands BV that is merging with and into EPL Limited.
Indorama Ventures Public Company Limited (IVL Group): A global conglomerate and the parent group of Indovida India, with interests in fibres, packaging, and chemicals.
Competition Commission of India
CCI approves the merger of Indovida India with
and into EPL Limited
Posted On: 26 MAY 2026 8:27PM by PIB Delhi
The Competition Commission of India (CCI) has approved the merger of Indovida India Private Limited
with and into EPL Limited.
The Proposed Combination entails the merger of Indovida India Private Limited (Indovida India) with
and into EPL Limited (EPL) by way of absorption; and in consideration of the merger, EPL (i.e., post-
merger resultant entity) will issue and allot shares, on a proportionate basis to the shareholders of Indovida
India (Proposed Combination).
Indovida India is a newly incorporated Indian entity and 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 businesses interests in fibres, packaging, recycling and specialty
chemicals.
EPL Limited (EPL) is a public listed company based in India. It is engaged in the business of
manufacturing and sale of packaging products.
Detailed order of the Commission will follow.
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NB/ ONP
(Release ID: 2265619) Visitor Counter : 214
Read this release in: Urdu , Tamil