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% equity shares (on a fully diluted basis) of Semitrone Conchem Limited, a public company incorporated under the Companies Act, 2013. The acquisition is valued at INR 39,98,70,000 and is expected to be completed within 180 days from the execution date. The acquisition is not a related party transaction and is done on an arm's length basis. The acquisition will help Sylph Technologies in the expansion of its business.