STOCKWATCH
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Household Products
Sale25 Mar 2025, 10:54 pm

Jyothy Labs Ltd. Sells Entire Stake in Jyothy Kallol Bangladesh Ltd. for BDT 3,01,92,134

AI Summary

Jyothy Labs Ltd. announced the sale of its entire equity stake in Jyothy Kallol Bangladesh Limited (JKBL) to Kallol Enterprise Limited for an aggregate consideration of Bangladeshi Taka 3,01,92,134. The sale was approved at a Board of Directors meeting on March 25, 2025, and a Share Purchase Agreement was executed on the same day. This transaction resulted in JKBL ceasing to be a subsidiary of Jyothy Labs Ltd. The disclosure requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, have been fulfilled.

Key Highlights

  • Sale of entire equity stake in Jyothy Kallol Bangladesh Limited
  • Aggregate consideration of Bangladeshi Taka 3,01,92,134
  • Kallol Enterprise Limited as the buyer
  • Jyothy Kallol Bangladesh Limited ceased to be a subsidiary
  • Compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
JYOTHYLAB
Household Products
Jyothy Labs Ltd

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