Sylph Technologies to Acquire 25% Stake in Semitrone Conchem for INR 39,98,70,000

Sylph Technologies Limited has approved the execution of a Term Sheet for the acquisition of 25% (twenty five percent) of the equity shares (on a fully diluted basis) of Semitrone Conchem Limited. The acquisition is valued at INR 39,98,70,000 and will be done on an arm's length basis. The acquisition will help Sylph Technologies in the expansion of its business. The transaction is expected to be completed within 180 days from the execution date.