# Indorama Ventures to buy 24.9% stake in Essel Propack from Blackstone

Indorama Ventures agreed to acquire a 24.9% minority stake in Essel Propack from Blackstone funds for $220 million at INR 240 per share. The deal is pending customary approvals.

- Type: Acquisition
- Announced: 2025-03-04
- Where: India
- Value: $220.0M
- Status: announced
- Products: laminated tubes
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [Essel Propack](https://endata.com/companies/3927.md) (target)

## Sources

- [barandbench.com](https://www.barandbench.com/dealstreet/khaitan-cm-trilegal-simpson-thacher-act-on-indorama-ventures-acquiring-stake-in-essel-propack-from-blackstone), 2025-03-04: "Indorama Ventures Public Company Limited has entered into a definitive agreement with private equity funds managed by Blackstone to acquire a minority stake of 24.9% in Essel Propack Limited for $220 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.