Kiri Industries 37.57% stake in DyStar valued at USD 481.60 mn

Accordingly to final judgement of Singapore International Commercial Court

Jun 21, 2021 09:06 IST capital market

Kiri Industries announced that the Singapore International Commercial Court (SICC) vide its final judgement dated 21 June 2021 has confirmed the final value of Kiris 37.57% stake in DyStar Global Holdings (DyStar) at US$481.60 Million (approximately Indian Rs 3,570 Crore), after giving effects of two minor adjustments. The buyout order to be executed at value of US$ 481.60 million as ordered by SICC vide their judgement dated 03 July 2018.

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