# Indorama Ventures to merge Indovida India into EPL Limited in packaging deal

Indorama Ventures' board approved merging its Indovida India packaging unit into listed EPL Limited, with Indorama expected to hold about 51.8% of EPL after completion. The total transaction value is about INR 62,558 million, and completion is expected within 12 months.

- Type: Acquisition
- Announced: 2026-03-30
- Where: India
- Value: $731.6M (62.6B INR)
- Status: announced
- Products: laminated plastic tubes, PET preforms, bottles, closures
- Sectors: [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Blackstone Group](https://endata.com/companies/2364.md) (investor)
- [Indorama Ventures](https://endata.com/companies/3457.md) (acquirer)
- [EPL Limited](https://endata.com/companies/7227.md) (target)
- [Indovida India](https://endata.com/companies/14130.md) (target)

## Sources

- [beta.indoramaventures.com](https://beta.indoramaventures.com/news/press-releases/epl-and-indovida-to-merge-to-create-a-leader-in-consumer-packaging-for-emerging-markets), 2026-03-30: "EPL and Indovida have signed definitive agreements to merge forming a $1 billion revenue entity, with a combined valuation of ~$2 billion."
- [polymerupdate.com](https://www.polymerupdate.com/PressRelease/Details/39571), 2026-03-30: "The total value of the Transactions approximately INR 62,558million(equivalent to approximately Thai Baht 23,778.31 million)."
- [kaohooninternational.com](https://www.kaohooninternational.com/markets/580117), 2026-03-30: "The total value of the Transaction is approximately INR 62,558 million (equivalent to approximately Thai Baht 23,778.31 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.