Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI Listing Regulations'), this is to inform you that the Board of Directors ....
GSPCROP · price
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GSP Crop Science Ltd's Board has approved acquiring the remaining 21% equity stake (31,50,000 shares) in its subsidiary GSP Intermediates Private Limited (GIPL) for Rs.3.15 crore at Rs.10 per share. Upon completion, GIPL will become a wholly-owned subsidiary of GSP. The transaction qualifies as a Related Party Transaction conducted at arm's length based on a registered valuer's report. GIPL, incorporated in August 2022, is engaged in manufacturing agrochemical intermediates and allied products. It commenced commercial production in FY 2024-25 with turnover of Rs.122.01 lakh. The acquisition aims to enable seamless operational integration, provide complete strategic and financial control, and support long-term manufacturing scalability. The deal is expected to close within approximately 4 months with no regulatory approvals required.
This acquisition strengthens GSP Crop Science's control over its subsidiary, simplifying group structure and governance. It is a positive development for shareholders as it consolidates operations and enhances financial control over the agrochemical intermediates business.