M&A Critique
EPL-Indovida-Merger-Indorama-Group

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Two stage Acquisition by Indorama Ventures Ltd (IVL) – avoiding open offer under SEBI takeover code

The restructuring journey of Essel Propack Limited (now EPL Limited or Transferee Company) is a classic case of a high-performing "hidden champion" being decoupled from a debt-laden parent group through private equity intervention.

Pre-Blackstone Era (before 2019)

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Haresh Shah