EPL Limited Board Approves Merger with Indovida India Private Limited
EPL Limited's board approved merger with Indovida India Private Limited on March 29, 2026, creating a combined entity with ₹8,377 crores turnover. The share exchange ratio offers 286 EPL shares for every 10,000 Indovida India shares. Post-merger, promoter shareholding will increase from 25.97% to 68.37%. The transaction requires multiple regulatory approvals including NCLT, SEBI, and Competition Commission of India before implementation.