EPL Limited has informed the Exchange about receipt of approval from the Competition Commission of India ("CCI")
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EPL Limited has received approval from the Competition Commission of India (CCI) for the proposed merger by absorption of Indovida India Private Limited into EPL Limited on a going concern basis. The CCI, in its meeting held on May 26, 2026, approved the combination under Section 31(1) of the Competition Act, 2002. The detailed CCI order is awaited. The scheme was initially approved by EPL's Board on March 29, 2026, and is subject to additional statutory approvals including NCLT. The transaction also involves Indorama Netherlands B.V. as a party to the combination.
This CCI approval removes a key regulatory hurdle for the merger. Once all approvals are secured, the amalgamation will consolidate Indovida India's operations into EPL Limited, potentially expanding EPL's market presence and revenue base.