EPL Ltd and Indovida India Pvt Ltd have combined forces, forming a packaging powerhouse with over $1 billion in annual revenue, particularly targeting emerging markets. Post-merger, EPL's earnings before interest, taxes, depreciation, and amortization (EBITDA) are projected to reach INR1,750 crore. Indorama will own 51.8% of the new entity, while Blackstone retains a 16.6% stake.

ICICI Securities recommends buying EPL after its merger with Indovida, predicting a price of Rs 315 due to strong growth prospects and a significant potential upside of 54%. However, the report cautions investors about potential near-term challenges such as increasing polymer costs.

The board of EPL Ltd has agreed to merge Indovida India Pvt Ltd, pending regulatory approval. This move is designed to broaden the product offering, improve operational efficiency, and increase value for stakeholders by combining resources.

The chemical companies EPL Ltd and Indovida are merging, creating a combined entity worth $2 billion with an estimated annual revenue of $1 billion. Notably, Indorama Ventures will own a majority stake of 51.8%, while Blackstone holds 16.6%. This development values EPL at approximately 70% above its recent closing price.