Indian packaging company EPL Ltd said on Sunday it had agreed to merge with Indovida, backed by Thailand’s Indorama Ventures, in a deal valuing the combined business at about $2 billion.
The merged group will combine EPL’s packaging operations with Indovida’s plastics portfolio.
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Under the transaction, EPL is valued at about $1.2 billion, implying a price of 339 Indian rupees ($3.58) per share, while Indovida is valu… [399 chars]
Source: Reuters | Published: 2026-03-29T13:30:59Z
Credit: Reuters
