Kiri Industries has informed that the Singapore International Commercial Court (‘SICC’) through its final judgement dated June 21, 2021 has confirmed the final value of Kiri’s 37.57% stake in DyStar Global Holdings (DyStar) at US$481.60 Million (approximately Indian INR 3,570 Crore), after giving effects of two minor adjustments. The buyout order to be executed at value of US$ 481.60 million as ordered by SICC vide their judgement dated July 3, 2018. The company has attached copy of SICC final valuation judgement dated June 21, 2021 for the reference and records.
The above information is a part of company’s filings submitted to BSE.
