EPL Limited to acquire Creative Stylo Packs in India

EPL Limited's board approved the acquisition of Creative Stylo Packs, an Indian maker of corrugated boxes and plastic and laminated tubes. EPL will buy a 72.5% stake for cash and the remaining 27.5% through issuance of EPL shares to the founders.

“EPL Limited (formerly known as Essel Propack Limited), the world's largest specialty packaging company, has announced that its Board of Directors have approved the acquisition of Creative Stylo Packs in a part-cash and part-stock transaction.”thepackman.in

• 3 sources
• thepackman.inEPL Limited to acquire Creative Stylo Packs - THE PACKMANNov 12, 2020
• dtnext.inPackaging major EPL set to buy Creative StyloNov 12, 2020
• business-standard.comEPL Ltd board approves to acquire Creative Stylo Packs; to pick 72.5% stake | Company News - Business StandardNov 13, 2020

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