The proposed transaction could raise around ₹1,985 crore through the sale of up to 8.45 crore shares. The offer price has been set at ₹235 per share, implying a discount of up to 10.3% to the current market price.
In August this year, Hemant Bakshi, MD and Global CEO of EPL, raised the company’s near-term revenue growth guidance from low double digits to high teens, after the April-June quarter of 2026 (Q1FY27), in which revenue grew 25%.
ALSO READ | EPL Q3 Results: Revenue growth firm across regions, Europe remains soft spot
He said EPL has successfully passed on the additional costs arising from the West Asia crisis and expects to maintain underlying earnings before interest, taxes, depreciation and amortisation (EBITDA) margin of around 20%.
Bakshi is also confident about sustaining high-teens growth, supported by strong performance across oral care and beauty and cosmetics. He expects the company’s proposed merger to generate $35-50 million in synergies over the coming years and said EPL could become a $1 billion revenue company early next year once the merger is completed.
EPL, formerly known as Essel Propack, reported a 25% year-on-year increase in Q1FY27 revenue to ₹1,388 crore, compared with ₹1,108 crore in the year-ago quarter. EBITDA rose 15% to ₹261 crore from ₹227 crore, while EBITDA margin narrowed to 18.8% from 20.49%, a decline of 168 basis points.
ALSO READ | EPL eyes faster growth and stronger returns with Indorama investment
Shares of EPL Ltd ended at ₹261.70, up by ₹9.70, or 3.85%, on the BSE.
First Published: Aug 31, 2026 9:28 PM IST
