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Dhunseri Petrochem enters into SPA with IVL, Indorama

15 Jun 2018 Evaluate

Dhunseri Petrochem (DPL) has entered into a Share Purchase Agreement (SPA) on June 14, 2018 with Indorama Ventures Public Company (IVL) and two of its subsidiary companies - Indorama Netherlands B.V. and Indorama Netherlands Cooperatief U.A. (together Indorama), to sell 50% of the company’s stake in its existing joint venture company - Egyptian Indian Polyester Company S.A.E (EIPET) to Indorama.

Simultaneously with the execution of the SPA, the company and Indorama also executed a shareholders' agreement to determine their mutual rights and obligations and other matters in connection therewith both inter se as shareholders and vis-a-vis the company and, including those relating to the management and operations of EIPET.

DPL cultivates, processes and markets tea, and manufactures petrochemicals. The company produces polyethylene terephthalate (PET) resin.

Dhunseri Ventures Share Price

232.60 1.80 (0.78%)
13-Apr-2026 14:29 View Price Chart
Peers
Company Name CMP
Redington 219.15
Adani Enterprises 2133.80
Amrapali Industries 18.11
Rashi Peripheral 428.65
PDS 284.80
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