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'Buy' EPL Shares Maintains Systematix, Sets Target Price Of Rs 324 — Here's Why
Strategic partnership with IVL to help improve geographical expansion and raw material sourcing, adds the brokerage.
03 Mar 2025, 10:15 AM IST 
EPL Ltd.’s promoters, Blackstone, has entered into a definitive agreement to sell a minority stake of 24.9% (79.5 million shares) in the company to Indorama Netherlands, B.V., a group entity of Indorama Ventures Public Company Ltd., at Rs 240 per share.
(Source: Company website)
IVL brings global expertise in packaging and has a complementary geographic presence. IVL’s business spans packaging, recycling, and specialty chemicals, serving marquee customers across diverse global markets, in pharmaceuticals, cosmetics, and personal care.
