Kiri Industries completes full DyStar stake sale for USD 689 million

Core Business DivestedStrategic Transactions View source PDF Explain this filing

KIRIINDUS · price

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Price reactionminutes from the announcement price · days from the prior close

+20.1%Reaction day

₹611.00

prior close

₹623.00

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+18.7% vs market

Dyes And Pigments peers, median of 8sector+2.1%+18.0% vs sector

On the reaction day the stock moved 18.7 pts more than Nifty Microcap 250 and 18.0 pts more than its Dyes And Pigments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.6

10m

+4.6

15m

+6.2

30m

+9.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+20.1+1.4+18.7+2.1+18.0

Next day

+10.8+1.6+9.1+1.1+9.7

+0.5+2.6-2.0+1.8-1.3

-4.4+2.8-7.2+0.7-5.2

-7.6+2.1-9.8+0.3-7.9

-10.6+2.2-12.8-1.1-9.5

-19.1-1.5-17.6-4.0-15.1

15d

-21.1-5.7-15.4-6.0-15.1

-23.8-5.5-18.2-6.4-17.4

-28.8-6.3-22.5-13.1-15.8

-40.3-11.1-29.2-20.5-19.7

UpDownMarket · Nifty Microcap 250Sector · Dyes And Pigments peers, median of 8Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Kiri Industries has completed the sale of its entire 37.57% stake in DyStar to Zhejiang Longsheng Group for about USD 689 million. The deal was originally ordered by the Singapore International Commercial Court in February 2024. Both the Share Purchase Agreement and the Share Buyback Agreement now stand discharged by performance. DyStar has ceased to be an associate company of Kiri Industries.

Likely market impact

Major cash inflow of about USD 689 million from the divestment; DyStar is no longer an associate, simplifying the group structure.