Jayant Agro Organics has entered into a share purchase agreement with Mitsu & Company, Japan and Mitsui & Company(Asia Pacific), Singapore (Mitsui Group) to acquire 24% of the paid up share capital held by Mitsui Group in Ihsedu Speciality Chemicals (ISCPL). The company already holds 75.96% of the paid up share capital of ISCPL. Also, the balance 0.04% of the paid up share capital of ISCPL are held by other promoter companies which too will be acquired by Jayant Agro Organics. On acquiring the said shares, the ISCPL became a wholly owned subsidiary of the Company.
Further, Mitsui Group has also entered into a non-exclusive distributorship arrangement with ISCPL and the company in relation to distribution of ISCPL's products, which shall continue as per agreed terms and conditions.
Jayant Agro-Organics is an emerging global oleo chemical company with leadership in the castor-based specialty chemicals industry.
