{
  "id": 4675418,
  "title": "Blackstone-backed Epsilon Bidco may sell 26% stake in EPL in Rs 1,985-crore block deal",
  "url": "https://urgent.news/2026/08/31/blackstone-backed-epsilon-bidco-may-sell-26-stake-in-epl-in-rs-1-985",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T15:49:48.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/stocks/news/blackstone-backed-epsilon-bidco-may-sell-26-stake-in-epl-in-rs-1985-crore-block-deal/articleshow/133657355.cms"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}