Chandhiok & Mahajan acted as the legal advisors for Indorama Ventures Public Company Limited and secured an approval from the Competition Commission of India in relation to IVL's acquisition of a minority stake in EPL Limited from Blackstone.

C&M's team comprising Karan Singh Chandhiok (Partner and Head Competition & Antitrust and Regulatory Practice), Modhulika Bose (Partner), Avinash Amarnath (Partner), Nicky Colins (Senior Associate), Saumya Sunidhi (Associate) and Naman Golechha (Associate) represented IVL before the CCI.

Earlier this year, the Firm had advised Indorama on acquiring 24.9% stake in EPL from Blackstone.

Indorama Ventures is a global chemical company with a sustainable approach. They're a major player in several key areas, notably as a world leader in the production of polyethylene terephthalate (PET) resins, used extensively in packaging. Beyond PET, they also have a significant presence in fibers, creating products for various applications. Their integrated approach spans the entire value chain, from raw materials to finished goods.

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