Blackstone-owned Epsilon Bidco Pte is likely to sell up to 26.4% equity in speciality packaging company EPL Ltd through a block deal, sources said on Monday . 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 , in which revenue grew 25%.
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.