Corn Products Acquires 9% Stake in Sanstar Ltd via Preferential Allotment

Corn Products Development Inc. has acquired 1,80,24,157 equity shares of Sanstar Limited, representing 9.00% of the expanded share capital. The acquisition was made through a preferential allotment on June 24, 2026, at an issue price of ₹110 per equity share, aggregating to ₹198.27 Crores. This move complies with SEBI (SAST) Regulations, 2011, and SEBI (ICDR) Regulations, 2018. Corn Products Development Inc. is based in the USA, with its principal place of business at Ingredion Incorporated. Sanstar Limited is the target company, listed on BSE and NSE. The acquisition details were disclosed under Regulation 29(1) of SEBI (SAST) Regulations.