EID Parry to sell full 50% stake in Algavista Greentech for Rs 8 crore

Core business divestedStrategic Transactions View source PDF Explain this filing

EIDPARRY · price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)+0.1%-1.7% vs market

Other Food Products peers, median of 20sector-0.5%-1.1% vs sector

On the reaction day the stock moved 1.7 pts less than Nifty Smallcap 250 and 1.1 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board approved selling EID Parry's entire 50% holding in Algavista Greentech to joint venture partner Synthite Industries for Rs 8 crore. Documents will be signed, with completion expected within three months. Algavista had FY2024-25 revenue of Rs 1.46 crore and net worth of Rs 10.50 crore, contributing 0.046% and 0.4134% of EID Parry's totals. The buyer is outside the promoter group; this is not a related-party transaction.

Likely market impact

Completion would add Rs 8 crore and remove a minor joint venture holding. The buyer is outside the promoter group; no related-party deal applies.