Jayant Agro Organics Limited has informed the Exchange about General Updates
JAYAGROGN · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Jayant Agro Organics Limited has entered into an agreement to acquire equity and preference shares of Vithal Castor Polyols Private Limited (VCPL) from Mitsui Chemicals Inc. (MCI). The company will acquire 40% of VCPL's total paid-up equity share capital (1,44,00,000 shares) and 80% of its total paid-up preference share capital (2,88,00,000 shares) for a cash consideration of Rs. 25.37 crore. Jayant Agro already holds 50% of VCPL's equity, making this a significant step toward consolidation. VCPL, incorporated in August 2013, is in the business of manufacturing Bio Polyols and had turnover ranging from Rs. 4,430-5,382 lakh over the last three fiscal years.
This acquisition strengthens Jayant Agro's position in the chemicals sector by consolidating control over VCPL. The deal is expected to create operational synergies and a more streamlined ownership structure. With Jayant Agro holding 50% and now acquiring additional stakes, VCPL could become a majority-owned or effectively controlled subsidiary.