Acquisitions11 May 2026, 08:51 pm
Jayant Agro to Acquire 40% Equity & 80% Preference Shares in VCPL
AI Summary
Jayant Agro Organics Ltd has entered into an agreement to acquire a 40% stake in equity shares and an 80% stake in preference shares of Vithal Castor Polyols Private Limited (VCPL) for ₹25.37 Crore. This acquisition aims to enhance operational synergies, streamline ownership, and improve adaptation to market dynamics. The deal is expected to close immediately after fulfilling the conditions specified in the Share Purchase Agreement. Post-acquisition, Jayant Agro will hold 50% of VCPL's total paid-up equity share capital.
Key Highlights
- Jayant Agro acquires 40% equity and 80% preference shares of Vithal Castor Polyols Private Limited (VCPL).
- The acquisition cost is ₹25.37 Crore in cash consideration.
- The deal is expected to enhance operational synergies and streamline ownership.
- VCPL's turnover for FY25 was ₹4,430.43 Lakhs.
- Post-acquisition, Jayant Agro will hold 50% of VCPL's total paid-up equity share capital.