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 agreement was finalized on September 19, 2025. The consideration received from the sale amounts to ₹8 Crores. The buyer is Synthite Industries Private Limited, the other joint venture partner.
Stake Divestment
E.I.D. Parry has officially divested its stake in Algavista Greentech Private Limited. The decision was made on September 19, 2025, marking a strategic shift in the company’s investment portfolio.
Transaction Details
The sale involves the company’s entire 50% stake in the joint venture, with Synthite Industries Private Limited acquiring the shares. The total consideration received by E.I.D. Parry from this transaction is ₹8 Crores.
Financial Impact
In FY 2024-25, Algavista Greentech Private Limited contributed 0.046% to E.I.D. Parry’s revenue (₹1.46 Crores) and 0.4134% to its net worth (₹10.50 crores). The sale is expected to be completed within three months.
Source: BSE
