Announced Tue, 14 Apr · 18:03 IST
Syrma completes JV with Italy's Elemaster, holds 60% in JVCo
SYRMA · price
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Price reaction · full curve 14 horizons · vs prior close
+13.0%1-day move
₹860.10
prior close
₹881.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.1-0.1-0.3+0.2+13.0+13.6+11.6+14.8+16.3+12.6+27.3+17.4+52.0+63.5
Up moveDown movePending
AI summary
Syrma SGS Technology has completed the closing of its joint venture with Italy's Elemaster in JVCo (Syrma SGS Design and Manufacturing). Syrma acquired 11,43,322 equity shares for ~INR 32.7 crore, taking its stake to 60%. Elemaster acquired 7,68,881 shares for ~INR 22 crore, holding 40%. The JV agreement was originally signed on September 1, 2025, and closing was completed on April 14, 2026.
Likely market impact
Strengthens Syrma's design and manufacturing capabilities through international partnership with Elemaster, with majority control at 60% in the JV.