Joint Venture19 Sept 2025, 11:45 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 the sale of its entire 50% stake in the Joint Venture Company, Algavista Greentech Private Limited, to its current joint venture partner, Synthite Industries Private Limited. The decision was made during a Board Meeting held on September 19, 2025. The stake sale is expected to be completed within three months, with the definitive documents to be signed in due course of time. Algavista Greentech Private Limited contributed 0.046% to EID Parry's revenue in FY 2024-25, amounting to 1.46 Crores.
Key Highlights
- EID Parry India Ltd to sell its entire 50% stake in Algavista Greentech Private Limited
- The stake will be sold to the current joint venture partner, Synthite Industries Private Limited
- The sale is expected to be completed within three months
- Algavista Greentech Private Limited contributed 0.046% to EID Parry's revenue in FY 2024-25
- Synthite Industries Private Limited does not belong to the promoter/promoter group/group of EID Parry (India) Limited