Khaitan & Co acts on Blackstone-backed EPL - Indovida Packaging merger

Blackstone-backed EPL Limited and Indorama Ventures' Indovida India Private Limited have signed definitive agreements for a merger to form a packaging platform valued at $2 billion.

Khaitan & Co advised Indorama Ventures and Indovida Packaging on this merger. The Firm advised on structuring the overall transaction and drafting and negotiating the definitive agreements.

The transaction team consisted of Haigreve Khaitan (Senior Partner), Surbhi Kejriwal (Partner), Mehul Shah (Partner), Jamsheed Dadachanji (Principal Associate), Vedika Bhandari (Principal Associate), Associates Kashvi Shetty and Ravi Shankar, with assistance from the following:

Diligence: Shailendra Bhandare (Partner), Gaurav Dasgupta (Partner), Deepak Kumar (Partner), Mudit Shah (Partner), Amruta Joshi (Counsel), Sourav Dan (Counsel), Sumantra Bose (Counsel), Shivam Tandon (Counsel), Siddharth Godha (Principal Associate), Rupali Singh (Principal Associate), Archika Dudhwewala (Principal Associate), Nikunj Keyal (Senior Associate), Ketan Ravindra Jikar (Senior Associate), Shrey Himanshu Bheda (Senior Associate), Shramana Dwibedi (Senior Associate), Nikunj Jhunjhunwala (Senior Associate), Sanket Pargaien (Senior Associate), Diwankar Sethi (Senior Associate), Associates Vaishali Adhikari, Vidhi Mahesh Patel, Kalapi Sanjay Ruikar, Disha Basnet, Jwaalaa Suresh and  Shiva Patil;

Securities law related aspects: Abhishek Dadoo (Partner), Anvita Mishra (Counsel), Associates Krithika Kataria and Anjana Raghunath.

Indorama Ventures had acquired stake in EPL from Blackstone in 2025.

Indovida produces PET preforms, bottles, and HDPE and PP closures that enable safe, efficient, and durable packaging for food and beverages as well as other consumer products.

EPL specializes in manufacturing laminated plastic tubes and serves major industries such as beauty and personal care, pharmaceuticals, and packaged food.

The merger will establish one of the biggest packaging platforms in the market by integrating complementary services and strengths.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.