India, May 13 -- The Government of India issued the following news release:
The Competition Commission of India has approved the proposed acquisition of shareholding in EPL Limited by Indorama Netherlands B.V.
The proposed combination envisages the purchase of 24.9% equity share capital of EPL Limited by Indorama Netherlands B.V.
Indorama Netherlands B.V. is a limited liability company established in the Netherlands. It is an indirect subsidiary of Indorama Ventures Public Company Limited.
EPL Limited is engaged in the business of manufacturing and sale of packaging products, including laminated and extruded plastic tubes.
Detailed order of the Commission will follow.
Disclaimer: Curated by HT Syndication....