Promoter Epsilon Bidco, owned by affiliates of the Blackstone Group, has exited EPL (earlier known as Essel Propack), the laminated plastic tubes manufacturer, for ₹1,985 crore through open-market transactions on September 1. According to bulk deals data published by the exchange, Epsilon Bidco Pte sold all its 8.44 crore equity shares, representing a 26.38 percent stake in EPL. The shares were sold at ₹240.57 apiece, valuing the stake at ₹2,032.33 crore. However, 3.37 crore equity shares, representing a 10.5 percent stake, of the total 8.44 crore shares sold by the Blackstone Group entity were bought by eight institutional investors.
Bandhan Mutual Fund has significantly increased its stake in EPL to 5.3083% after acquiring 58,64,986 equity shares through open market transactions on September 1, 2026. According to a regulatory disclosure on BSE, the fund increased its holding from 3.4773% to 5.3083% of the company's paid up share capital. The purchase was carried out through various schemes managed by Bandhan AMC Limited and represents an increase of 1.831% in the mutual fund's total holding. Following the acquisition, Bandhan Mutual Fund now holds 1,70,03,191 shares in EPL, up from its previous holding of 1,11,38,205 shares.
Quant Mutual Fund emerged as the biggest buyer among institutional investors, picking up an additional 1.43 crore equity shares, equivalent to a 4.48 percent stake in EPL, for ₹345.07 crore. The Sandeep Tandon-founded Quant Group, through Quant Small Cap Fund, already held a 2.47 percent stake in EPL as of June 2026. Bandhan Mutual Fund also bought an additional 20.82 lakh shares, or a 0.65 percent stake in EPL, for ₹50 crore at a price of ₹240.1 per share. This was in addition to the 3.33 percent stake it held as of June 2026. Public Sector Pension Investment, ICICI Prudential Mutual Fund, Edelweiss Mutual Fund, Aditya Birla Sun Life Insurance Company, Abu Dhabi Investment Authority, and 360 ONE acquired the remaining 1.72 crore shares in EPL for ₹414.3 crore at a price of ₹240.1 per share.
EPL shares ended September 3 at ₹245.70, gaining ₹9.40, or 3.98% during the session, demonstrating strong market response to the institutional interest. The stock opened at ₹239 and touched an intraday high of ₹251 before hitting a low of ₹237.20 before recovering. EPL has a paid up equity share capital of ₹64,06,28,318, comprising 32,03,14,159 equity shares with a face value of ₹2 each. The company's market capitalisation stood at ₹7,920 crore with a price-to-earnings ratio of 20.35. Its 52-week high is ₹274.03, while the 52-week low is ₹176.40, and the displayed dividend yield stood at 2.04%.
Promoter Chandramogan R G acquired 8.25 lakh shares, representing a 0.37 percent stake, in dairy products company Hatsun Agro Product from Ravi Kirti Shah for ₹98.34 crore at a price of ₹1,192 per share. Prudent Equity Ace Fund, owned by asset management firm Prudent Equity, purchased 6.15 lakh shares, representing a 0.93 percent stake, in flat and long metal products maker Manaksia Steels for ₹6.38 crore at a price of ₹103.83 per share. Manaksia Steels shares rose 4.6 percent to ₹104.1 amid heavy volumes on the NSE.
