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Sayaji Industries inks JV agreement with Societe Developpement Produits Afrique

08 Apr 2019 Evaluate

Sayaji Industries has signed a joint venture (JV) agreement with Societe Developpement Produits Afrique (SDPA), France, the holding company of Alland and Robert for manufacturing of Gum Arabic/ Gum Acacia, Gum Ghatti and Gum blends. The JV will be a 50:50 venture, wherein the Company and Societe Developpement Produits Afrique will hold 50% each in Sayaji Ingritech LLP which is presently a subsidiary of the company.

The Company and SDPA propose to invest 50% each in Sayaji Ingritech LLP for the purpose of manufacturing of Gum Arabic / Gum Acacia, Gum Ghatti and Gum blends with the technology provided by Alland and Robert.

Presently the company is holding 75.99% of the capital of Sayaji Ingritech LLP. After entering into this JV, the company will hold 50% and SDPA will also hold 50% in

Sayaji Ingritech LLP the name of which will be changed in future in the manner as agreed to between the partners. The profit sharing ratio will also be 50:50 between the Company and SDPA.

Sayaji Industries is one of the largest manufacturers of Starches, Liquid Glucose, Dextrose Monohydrate, Anhydrous Dextrose and Sorbitol in India.

Sayaji Industries Share Price

120.60 -1.40 (-1.15%)
14-Aug-2026 16:59 View Price Chart
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