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Jayant Agro Organics enters into agreement with Mitsui Group

09 Aug 2011 Evaluate

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.

Jayant Agro-Organics Share Price

220.25 2.40 (1.10%)
20-Aug-2026 13:08 View Price Chart
Peers
Company Name CMP
SRF 2587.10
BASF India 3898.45
Pidilite Inds. 1656.95
Tata Chemicals 641.00
GNFC 596.05
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