Deals31 Dec 2025, 02:15 pm
Kiri Industries Ltd Completes Share Purchase Agreement with Zhejiang Longsheng Group Co. Ltd for DyStar Stake
AI Summary
Kiri Industries Ltd has completed the Share Purchase Agreement (SPA) with Zhejiang Longsheng Group Co. Ltd for the en bloc sale of its 37.57% equity stake in DyStar. The entire consideration of US$689,034,072.68 has been remitted. The SPA and the Share Buy-Back Agreement have been discharged by performance upon completion of the sale. DyStar has ceased to be an Associate Company of Kiri Industries Ltd. The details of this transaction are provided as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Kiri Industries Ltd has completed the Share Purchase Agreement (SPA) with Zhejiang Longsheng Group Co. Ltd for the en bloc sale of its 37.57% equity stake in DyStar.
- The entire consideration of US$689,034,072.68 has been remitted.
- The SPA and the Share Buy-Back Agreement have been discharged by performance upon completion of the sale.
- DyStar has ceased to be an Associate Company of Kiri Industries Ltd.
- The details of this transaction are provided as per the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.