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EPL Limited Board Approves Merger with Indovida India Private Limited

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.

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