E.I.D.-Parry (India) Limited has approved the sale of its entire 50% stake in the Joint Venture Company, Algavista Greentech Private Limited. The decision was made during a board meeting held on September 19, 2025. The sale is expected to be completed within three months, with E.I.D.-Parry receiving ₹8 Crores from the transaction.
Stake Divestment
E.I.D.-Parry (India) Limited is divesting its complete 50% stake in Algavista Greentech Private Limited. The decision was formalized during a meeting of the Board of Directors on September 19, 2025.
Transaction Details
The consideration for the sale is ₹8 Crores. The buyer is Synthite Industries Private Limited, the other joint venture partner, which currently holds the remaining 50% stake in Algavista Greentech Private Limited. This acquisition will give Synthite Industries full ownership of Algavista Greentech Private Limited.
Financial Impact
In fiscal year 2024-25, Algavista Greentech contributed a small percentage to E.I.D.-Parry’s financials. The revenue contribution was 0.046% (₹1.46 Crores), and net worth contribution was 0.4134% (₹10.50 crores).
Timeline
The transaction is expected to be finalized within three months.
Source: BSE
