Joint Venture14 Apr 2026, 06:01 pm
Syrma SGS increases JVCo stake to 60% for ₹32.7 Cr
AI Summary
Syrma SGS Technology Ltd announced the completion of the closing for its Joint Venture (JVCo) on April 14, 2026, as per the Joint Venture Agreement dated September 1, 2025. As part of this closing, Syrma SGS acquired an additional 11,43,322 equity shares of JVCo for a total consideration of ₹32,69,90,092. This transaction increased Syrma SGS's aggregate shareholding in JVCo to 60%. Concurrently, Elemaster acquired 7,68,881 equity shares of JVCo for ₹21,98,99,966, resulting in an aggregate shareholding of 40% in JVCo.
Key Highlights
- Syrma SGS completed the closing of its Joint Venture (JVCo) on April 14, 2026.
- Company acquired 11,43,322 equity shares in JVCo for ₹32,69,90,092.
- Syrma SGS's total shareholding in JVCo now stands at 60%.
- Elemaster holds the remaining 40% stake in the JVCo.