Kiri Industries wins another appeal in Supreme Court of Singapore; Stock zooms 6.5%

25 Nov 2022 , 12:20 PM

Kiri Industries Ltd has informed that the Court of Appeal (Supreme Court of Singapore) has announced its judgement on November 25, 2022 in favour of the Company uphelding the earlier judgement of Singapore International Commercial Court (SICC).

The Court of Appeal fully dismissed Senda’s appeal with addition of further cost including disbursement of S$131,178.61 to Kiri.

As per the regulatory filing, the Singapore International Commercial Court (SICC) vide judgement dated December 8, 2021 had awarded all in cost of S$8,111,642.11 plus interest 5.33% from date of the SICC judgement, which was appealed by Senda, is now dismissed fully by the Court of Appeal.

At around 12:29 PM, Kiri Industries Ltd is currently trading at Rs508.30 per share up by Rs30.65 or 6.42% from its previous closing of Rs477.65 per share on the BSE.

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