Intimation regarding receipt of approval from the Competition Commission of India ("CCI") to the Scheme of Amalgamation of Indovida India Private Limited with EPL Limited and their respective ....
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EPL Ltd, a listed company on BSE (scrip: 500135) and NSE (trading symbol: EPL), has received approval from the Competition Commission of India (CCI) for the proposed Scheme of Amalgamation. The CCI, vide its letter dated May 26, 2026, approved the merger by absorption of Indovida India Private Limited into EPL Ltd on a going concern basis under Section 31(1) of the Competition Act, 2002. The detailed CCI order is still awaited. The scheme was initially approved by EPL's Board of Directors on March 29, 2026, and is subject to further statutory and regulatory approvals under Sections 230-232 of the Companies Act, 2013. The CCI approval represents a key regulatory milestone for this proposed combination.
This CCI approval is a positive development as it removes a key regulatory hurdle for the merger to proceed. For EPL shareholders, this amalgamation could strengthen the company's market position by combining operations with Indovida India on a going concern basis.