Privi to invest Rs 25.5 Cr in subsidiary Prigiv alongside Givaudan
PRIVISCL · price
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Board approved Q3 FY26 results and a Rs 50 Crore equity infusion into subsidiary Prigiv Specialties Private Limited. Privi will contribute 51 percent (Rs 25.5 Cr) while JV partner Givaudan SA contributes 49 percent (Rs 24.5 Cr). Prigiv manufactures chemicals aligned with Privi's aroma chemicals business. Post-investment, Privi's stake in Prigiv rises to 57 percent. The JV was originally formed in July 2021. Funds will support Prigiv's growth plans aimed at higher revenue and improved profitability.
Capital infusion into growth-focused JV with global player Givaudan may boost long-term revenue but Rs 25.5 Cr cash outflow for Privi.