Joint Venture4 Jun 2026, 06:11 pm
Dhampur Bio Organics Signs JV with Orgonew for Functional Foods
AI Summary
Dhampur Bio Organics Ltd. has executed a Joint Venture Agreement with Orgonew Private Limited to develop, manufacture, market, distribute, and commercialize phyto bio-active based functional food products. The Joint Venture Company (JVC) will leverage Orgonew's proprietary nano-curcumin coating technology and Dhampur's manufacturing and distribution capabilities. Dhampur Bio Organics will hold a 74% stake in the JVC, with Orgonew holding 26%. The agreement includes a 5-year lock-in period and specific board appointment rights for Dhampur Bio Organics.
Key Highlights
- Dhampur Bio Organics enters a Joint Venture with Orgonew Private Limited.
- JV will focus on functional food products using phyto bio-actives.
- Dhampur Bio Organics will hold 74% stake in the new JVC.
- Agreement includes a 5-year lock-in period for the JV.
- Orgonew is not a related party to Dhampur Bio Organics.
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