EPL is currently trading at Rs. 253.30, up by 1.70 points or 0.68% from its previous closing of Rs. 251.60 on the BSE.
The scrip opened at Rs. 259.90 and has touched a high and low of Rs. 262.15 and Rs. 250.10 respectively. So far 6290 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 318.75 on 21-Aug-2020 and a 52 week low of Rs. 126.10 on 13-Nov-2019.
Last one week high and low of the scrip stood at Rs. 262.15 and Rs. 237.00 respectively. The current market cap of the company is Rs. 7939.63 crore.
The promoters holding in the company stood at 51.96%, while Institutions and Non-Institutions held 29.54% and 18.50% respectively.
EPL’s Board of Directors has approved the acquisition of Creative Stylo Packs in a part-cash and part-stock transaction. Creative Stylo Packs is an established manufacturer of corrugated boxes, laminated tubes, plastic co-ex tubes and caps-primarily serving personal care, cosmetic, pharmaceuticals and FMCG markets in India. The transaction entails purchase of 72.5% stake in Creative Stylo Packs through cash. The remaining 27.5% stake will be purchased through issuance of EPL shares to the founders of Creative Stylo Pack post the merger.
With this acquisition, EPL plans to make a much stronger play in the beauty and cosmetics categories which are growing rapidly. The richer product portfolio will allow it to serve both existing and new customers better, driving both volumes and value. The acquisition will also boost EPL’s plastic tube capabilities, which, combined with EPL’s strong equity in laminate tubes, gives the company a vibrant platform for growth. The transaction will accelerate revenue and EBITDA growth for EPL.
EPL (Formerly Known as Essel Propack) operates as a specialty packaging company. The company offers products such as laminated tubes, plastic tubes, and caps and closures.
| Company Name | CMP |
|---|---|
| Supreme Industries | 4763.40 |
| Astral | 1721.25 |
| Finolex Inds | 239.75 |
| EPL | 264.20 |
| Jain Irrigation Sys | 67.46 |
| View more.. | |
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