Kiri Industries Limited has informed the Exchange about Disinvestment

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

₹633.85

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

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15m

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30m

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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

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15d

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-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 sold its entire 37.57% stake in associate company DyStar Global Holdings (Singapore) Pte. Ltd. for a total consideration of US$689.03 million (approximately Rs. 5,800+ crores). The transaction involved two parts: 1,226,779 shares were acquired by Zhejiang Longsheng Group Co., Ltd. (a listed Chinese company), while 1,396,575 shares were bought back by DyStar itself. The sale was completed through an en bloc process managed by court-appointed receivers following Singapore International Commercial Court judgments. As a result, DyStar has ceased to be an Associate Company of Kiri Industries. In FY25, DyStar contributed Rs. 309.73 crores as share of profit and Rs. 2,414.71 crores to net worth based on Kiri's 37.57% stake.

Likely market impact

This is a major cash inflow of nearly US$689 million for Kiri Industries from a significant overseas associate. Shareholders should expect a substantial boost to the company's cash position, potential special dividend or debt reduction, and a significant change in the company's future earnings profile given DyStar's large contribution to net worth and share of profits.