Corporate News 21-Jun-21
Kiri Industries' 37.57% stake in DyStar valued at USD 481.60 mn
Accordingly to final judgement of Singapore International Commercial Court
Kiri Industries announced that the Singapore International Commercial Court (SICC) vide its final judgement dated 21 June 2021 has confirmed the final value of Kiri's 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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