EPL

** Shares of packaging company EPL EPLI.NS rise as much as 6.15% to 217.9 rupees

** Stock extends its winning streak after a 3.4% jump on Monday

** Stock rises after EPLI agreed to merge with Indovida, backed by Thailand's Indorama Ventures, in a deal valuing the combined business at roughly $2 billion

** The merged entity will combine EPLI's packaging operations with Indovida's plastics portfolio

** ICICI Securities says EPLI's valuation is at a 35% premium to Indovida, making the merger earnings-accretive, retains "buy"

** Motilal Oswal also maintains "buy" and says the merger will form one of the largest consumer packaging platforms in emerging markets

** "Merger enables EPLI to leverage Indovida's presence and expertise in key EMs while also providing access to new geographies," says Motilal Oswal

** The average rating of seven analysts tracking EPLI is a "strong buy"; median price target is at 287.50 rupees, data compiled by LSEG shows

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))

Updates with details from the statement

March 29 (Reuters) - Indian packaging company EPL Ltd EPLI.NS said on Sunday it had agreed to merge with Indovida, backed by Thailand's Indorama Ventures, in a deal valuing the combined business at about $2 billion.

The merged group will combine EPL's packaging operations with Indovida's plastics portfolio.

Under the transaction, EPL is valued at about $1.2 billion, implying a price of 339 Indian rupees ($3.58) per share, while Indovida is valued at about $700 million.

Following the merger, Indorama Ventures will become a co-promoter with a 51.8% stake in the combined company, while private equity firm Blackstone BX.N, which backs EPL, will hold about 16.6%.

EPL Chief Executive Hemant Bakshi will remain group CEO, while Indovida CEO Sunil Marwah will continue to run the Indovida business.

The transaction is subject to regulatory, shareholder and court approvals and is expected to close within about a year.

($1 = 94.7770 Indian rupees)

(Reporting by Mihika Sharma in Bengaluru;
Editing by Mark Potter and Helen Popper)

((Mihika.Sharma@thomsonreuters.com;))

Feb 13 (Reuters) - EPL Ltd EPLI.NS:

• EPL DEC-QUARTER CONSOL NET PROFIT 817 MILLION RUPEES

• EPL LTD DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 11.49 BILLION RUPEES

Source text: ID:nBSEc4DHKb

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;;))

Oct 8 (Reuters) - EPL Ltd EPLI.NS:

• EPL LTD - ANAND KRIPALU RETIRES AS MD EFFECT FROM DECEMBER 31, 2025

Source text: ID:nBSE2jljtv

Further company coverage: EPLI.NS

(Reuters.Briefs@thomsonreuters.com)

** EPL EPLI.NS gains 2.9% to 225.7 rupees

** Plastic packaging co posts ~56% y/y jump in Q1 consol net profit; rev rises 10%

** Stock sees busiest session since May 12, with more than 3.7 mln shares - ~9x the 30-day moving avg

** EPLI rated "sell" on avg; median PT is 300 rupees, ~33% higher than current price, per data compiled by LSEG

** YTD, stock down ~13%

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

May 1 (Reuters) - EPL Ltd EPLI.NS:

• EPL LTD - ACQUIRES 99% OF EPL PACKAGING THAILAND

• EPL LTD - ACQUISITION COSTS 4.90 MILLION RUPEES

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 24 (Reuters) - EPL Ltd EPLI.NS:

• APPROVES SHARE PURCHASE AGREEMENT WITH EPSILON AND INDORAMA

• INDORAMA TO PURCHASE 24.90% STAKE IN EPL FOR 19.08 BILLION RUPEES

Source text: ID:nBSEmSyFs

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;;))

Dec 19 (Reuters) - EPL Ltd EPLI.NS:

• EPL LTD - INCORPORATES UNIT IN THAILAND

Source text: ID:nBSEc3ShBG

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;))

** Plastic packaging co EPL EPLI.NS rises as much as 7% to 270.45 rupees

** EPL reports 72.3% y/y rise in Q2 consol net profit to 870 mln rupees ($10.3 mln); rev up 8.5%

** Motilal Oswal says healthy demand across regions drove rev

** Expects CAGR of 9% in rev and 29% in adjusted PAT over FY24-27; retains "buy"

** More than 1.8 mln shares traded vs 30-day avg of ~1.7 mln

** Stock rated "strong buy" on avg; median PT is 290 rupees - LSEG

** EPLI last up 5.2%, extending YTD gains to 31.7%

($1 = 84.3880 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru)

((meenakshi.maidas@thomsonreuters.com;))

Nov 11 (Reuters) - EPL Ltd EPLI.NS:

• EPL LTD SEPT-QUARTER CONSOL NET PROFIT 870 MILLION RUPEES

• EPL LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.86 BILLION RUPEES

• EPL LTD- DIVIDEND 2.5 RUPEESPER SHARE

Source text: ID:nNSE5bB75Q

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;))

Oct 8 (Reuters) - EPL Ltd EPLI.NS:

• ENTERED INTO ENERGY SUPPLY AGREEMENTS WITH CMAPL

• CLEAN MAX, CMAPL ENTERED INTO SHAREHOLDERS AGREEMENT

Source text for Eikon: ID:nNSE5wWZrr

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Shares of EPL EPLI.NS up 13% to 246 rupees, its highest since Sept. 2021

** The plastic packaging material maker's June-qtr consol net profit jumped 18% y/y, rev from ops grew 11%

** Stock eyes busiest trading session on record with 30 mln shares traded, 13.6x the 30-day avg

** Analysts' avg rating on stock is "Buy", median PT is 268 rupees, per LSEG data

** Including session's gains, stock up 22% YTD

(Reporting by Manvi Pant in Bengaluru)

((Manvi.Pant@thomsonreuters.com; +918447554364;))

July 11 (Reuters) - EPL Ltd EPLI.NS:

• WILL ACQUIRE 49% SHARES OF CMAPL FROM CLEAN MAX

Source text for Eikon: ID:nBSENt4Nd

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;;))

July 4 (Reuters) - EPL Ltd EPLI.NS:

• GOT GST ORDER WITH PENALTY OF 2.5 MILLION RUPEES

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of EPL EPLI.NS down 2.3% to 184.95 rupees

** Co's Q4 profit fell 73.5% YoY

** Peer Hitech Corporation's HITE.NS Q4 profit also fell

** EPLI rated "strong buy" on avg, median PT is 248 rupees - LSEG data

** EPLI and HITE down 8.4% and 14% YTD

(Reporting by Varun Vyas in Bengaluru)

((varunvyas.hebbalalu@thomsonreuters.com))

May 28 (Reuters) - EPL Ltd EPLI.NS:

• EPL LTD MARCH-QUARTER CONSOL NET PROFIT 223 MILLION RUPEES VERSUS 843 MILLION RUPEES

• EPL LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 10.29 BILLION RUPEES VERSUS 9.69 BILLION RUPEES

• EPL LTD- DIVIDEND OF 2.3 RUPEES PER SHR

Source text for Eikon: ID:nBSE2BlgSq

Further company coverage: EPLI.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 7 (Reuters) - EPL Ltd EPLI.NS:

• DEC-QUARTER CONSOL NET PROFIT 861 MILLION RUPEES VERSUS 628 MILLION RUPEES YEAR AGO

• DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 9.75 BILLION RUPEES VERSUS 9.45 BILLION RUPEES YEAR AGO

Further company coverage: EPLI.NS

((Reutersbriefs@thomsonreuters.com;))

Dec 1 (Reuters) - EPL Ltd EPLI.NS:

• GOT ORDER FROM ASSISTANT COMMISSIONER, CGST & CENTRAL EXCISE, THANE RURAL COMMISSIONERATE

• CGST ORDER SAID CO HAS NOT DISCHARGED TAX LIABILITY OF 3.5 MILLION RUPEES, LEVIED PENALTY OF 3.6 MILLION RUPEES

Source text for Eikon: ID:nBSE8jJyBc

Further company coverage: EPLI.NS

((Reutersbriefs@thomsonreuters.com;))

May 19 (Reuters) - EPL Ltd EPLI.NS:

• DIVIDEND 2.15 RUPEES PER SHARE

• INDIA'S EPL LTD MARCH-QUARTER CONSOL NET PROFIT 843 MILLION RUPEES VERSUS 487 MILLION RUPEES

• EPL LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 9.69 BILLION RUPEES VERSUS 8.80 BILLION RUPEES

Source text for Eikon: ID:nBSE8b3f5R

Further company coverage: EPLI.NS

((reuters.briefs@thomsonreuters.com;))