SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Kiri Industries informs about disclosure

03 Mar 2023 Evaluate

Kiri Industries has informed that the Singapore International Commercial Court ('SICC') vide its judgement dated March 3, 2023 has confirmed the final value of Company's 37.57% stake in DyStar Global Holdings (Singapore) ('DyStar') as US$603.80 million as against US$481.60 Million, which was valued by the SICC vide its judgement dated June 21, 2021 which is now significantly increased by US$122.20 million. The court of appeal (the Supreme Court of Singapore) vide its judgement dated 6 July 2022 had decided two major points in favour of the Company related to 19% Discount for Lack of Marketability and notional licence fees with respect to exploitation of DyStar's patent by Longsheng and had directed the SICC to give effect of the said Judgement. The buyout order is to be executed now at the value of US$ 603.80 million by Senda International Capital. The company has attached copy of SICC final valuation judgement dated March 3, 2023 for the reference and records.

The above information is a part of company’s filings submitted to BSE.

Kiri Industries Share Price

401.40 -4.25 (-1.05%)
13-Apr-2026 16:59 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×