Corporate News     03-Mar-23
Kiri Industries update on court case in Singapore
Kiri Industries announced that the Singapore International Commercial Court (SICC) vide its judgement dated 03 March 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 21 June 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.

Previous News
  Benchmarks turn rangebound; Nifty hovers above 17550; bank stocks rise
 ( Market Commentary - Mid-Session 03-Mar-23   12:34 )
  Board of Kiri Industries to consider conversion of FCCBs
 ( Corporate News - 04-Aug-21   11:47 )
  Kiri Industries standalone net profit rises 84600.00% in the September 2016 quarter
 ( Results - Announcements 14-Nov-16   16:01 )
  Kiri Industries schedules board meeting
 ( Corporate News - 03-Nov-22   16:39 )
  Kiri Industries consolidated net profit rises 1.70% in the September 2019 quarter
 ( Results - Announcements 14-Nov-19   09:06 )
  Kiri Industries update on court case in Singapore
 ( Corporate News - 03-Mar-23   10:03 )
  Kiri Industries to convene board meeting
 ( Corporate News - 02-Nov-20   17:01 )
  Kiri Industries schedules board meeting
 ( Corporate News - 06-Nov-23   11:15 )
  Adani Enterprises Ltd leads gainers in 'A' group
 ( Hot Pursuit - 03-Mar-23   12:00 )
  Kiri Industries to conduct board meeting
 ( Corporate News - 03-Feb-20   11:49 )
  Kiri Industries to hold board meeting
 ( Corporate News - 20-May-14   13:07 )
Other Stories
  Board of Delhivery approves alteration in capital clause of MoA
  05-Jul-24   19:32
  J B Chemicals & Pharmaceuticals appoints director
  05-Jul-24   19:30
  Infosys announces resignation of senior management personnel
  05-Jul-24   19:22
  JLR Q1 FY25 retail sales up 9% on YoY basis
  05-Jul-24   19:08
  Bajaj Auto launches world's first CNG motorcycle 'Freedom'
  05-Jul-24   18:59
  Agenda for board meeting of Power Grid Corporation of India
  05-Jul-24   18:46
  Board of Bank of Baroda approves raising additional capital up to Rs 7,500 cr in FY25
  05-Jul-24   18:06
  Vipul to hold board meeting
  05-Jul-24   17:15
  Markobenz Ventures to convene board meeting
  05-Jul-24   17:15
  Dhanashree Electronics to declare Quarterly Result
  05-Jul-24   17:15
Back Top