Blackstone-backed Epsilon Bidco may sell 26% stake in EPL in Rs 1,985-crore block deal

Blackstone-backed Epsilon Bidco Pte Ltd may sell its entire stake of up to 26.4% in packaging solutions provider EPL Ltd through a block deal, in a transaction that could raise around Rs 1,985 crore, according to the reports.


Epsilon Bidco is currently the largest shareholder in EPL, holding 8,44,79,781 shares, or 26.38% of the company, as of the quarter ended June 2026, according to BSE data.


The block deal has been launched at an offer price of Rs 235 per share, representing a discount of up to 10.3% to EPL’s prevailing market price. At the offer price, the proposed sale of 8.45 crore shares would fetch approximately Rs 1,985 crore.

EPL shares settled at Rs 262.06 apiece on the NSE on Monday, rising 4.02% from the previous close of Rs 251.94. At Monday’s closing price, Epsilon Bidco’s stake in the company was worth roughly Rs 2,214 crore.

The proposed transaction comes less than a month after EPL reported a strong operating performance for the first quarter of FY27.

On August 12, EPL said it recorded its highest-ever top-line growth of 25.3% in Q1FY27, despite significant external challenges and continued volatility in global markets. The company said this marked its fifth consecutive quarter of double-digit revenue growth.

Growth was broad-based, with Beauty & Cosmetics and Oral Care growing more than 20%, while all regions recorded double-digit growth. On an underlying basis, excluding the pass-through impact of higher raw-material prices, revenue growth stood at 20%.

EPL’s EBITDA rose 15.2% year-on-year, marking the company’s 15th consecutive quarter of double-digit EBITDA growth. EBITDA margin stood at 18.8%, while the underlying EBITDA margin was 19.6%.

The company said it was able to pass on the entire increase in costs through pricing across regions.

EPL’s profit after tax declined 1.4% year-on-year in Q1FY27, but the company said PAT was in line with estimates and remained on track for double-digit growth for the full financial year. Profit before tax increased 10% year-on-year.

EPL attributed the difference primarily to the lower effective tax rate in the corresponding quarter of the previous year, which it expects to normalise over the full year.

About EPL

EPL Ltd is a speciality packaging company headquartered in Mumbai and listed on the BSE and NSE. The company has a presence across all five continents, with 21 facilities across 11 countries and a workforce of more than 6,000 employees representing 23 nationalities. Its portfolio includes laminates, laminated tubes, extruded tubes, caps, closures and dispensing systems.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)