Blackstone-backed Epsilon Bidco may sell 26% stake in EPL in Rs 1,985-crore block deal
Blackstone-backed Epsilon Bidco plans to sell its 26.4% stake in packaging firm EPL Ltd through a block deal valued at approximately Rs 1,985 crore. The shares are offered at Rs 235 each, marking a discount to the current market price.
Blackstone-backed investment firm Epsilon Bidco may be planning to dispose of up to 26.4% of its stake in packaging solutions provider EPL Ltd through a block deal, potentially raising around Rs 1,985 crore, according to recent reports. Epsilon Bidco currently owns 26.38% of EPL, with 8,44,79,781 shares. The block deal has been initiated at an offer price of Rs 235 per share, which is a discount of up to 10.3% compared to EPL's current market price.
The proposed sale of 8.45 crore shares would generate approximately Rs 1,985 crore. EPL's shares closed at Rs 262.06 on Monday, a 4.02% increase from the previous close of Rs 251.94, making the company's stake worth roughly Rs 2,214 crore. The transaction comes shortly after EPL reported strong Q1FY27 performance, with a 25.3% year-on-year increase in revenue despite market volatility.
The company's EBITDA grew by 15.2% year-on-year, and its profit before tax increased by 10%. EPL, a Mumbai-based speciality packaging company listed on the BSE and NSE, operates across five continents with a workforce of over 6,000 employees.
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