Jayant Agro-Organics acquires 40% equity and 80% preference shares in Vithal Castor Polyols for ₹25.37 crore cash consideration.
Acquisition aims to enhance operational synergies and streamline ownership structure in the chemicals manufacturing sector.
Target company VCPL reported turnover between ₹4,430-5,382 lakhs over the last three financial years.
Transaction executed at arm's length with no related party involvement, expected completion upon SPA conditions fulfillment.