Joint Venture19 Sept 2025, 11:57 am
EID Parry India Ltd to Sell Entire 50% Stake in Joint Venture Company Algavista Greentech Private Limited
AI Summary
EID Parry India Ltd announced that its Board of Directors approved the sale of the entire 50% stake in the Joint Venture Company, M/s. Algavista Greentech Private Limited. The other 50% Joint Venture Partner, M/s. Synthite Industries Private Limited, will purchase the stake. The transaction does not involve any promoter or promoter group of EID Parry India Ltd and is not a related party transaction.
Key Highlights
- EID Parry India Ltd to sell entire 50% stake in Algavista Greentech Private Limited
- M/s. Synthite Industries Private Limited to purchase the stake
- Transaction does not involve any promoter or promoter group of EID Parry India Ltd
- Not a related party transaction
- Expected completion of sale not mentioned in the document