India's EPL falls 8% on report Blackstone to sell up to 26.4% stake
BUZZ-India's EPL falls 8% on report Blackstone to sell up to 26.4% stake ** Shares of EPL Limited EPLI.NS close 8.3% lower at 240.35 rupees
** Stock logs biggest one-day pct loss since February 2025
** Blackstone-owned BX.N Epsilon Bidco Pte is likely to sell up to 26.4% equity in speciality packaging co EPL Ltd through a block deal, CNBC-TV 18 reported
** Transaction's offer price has been set at 235 rupees, CNBC-TV 18 said implying a discount of 10.33% from Monday's closing
** Co could raise about 19.85 billion rupees, report added
** EPL did not immediately respond to a Reuters request for comment
** Six analysts covering the stock have a "strong buy" rating on average, median PT is 297.5 rupees - LSEG data
** YTD, EPLI up ~12%
(Reporting by Urvi Dugar in Bengaluru)
((UrviManoj.Dugar@thomsonreuters.com; +91 9558725583;))
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