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Kiri Industries

21st-Jun-2021 09:18Source: BSE

Kiri Industries - Singapore International Commercial Court Confirms US$481.60 Million, As The Final Value Of Kiri''s Stake In Dystar.

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We are pleased to inform that the Singapore International Commercial Court ('SICC') vide its final judgement dated June 21, 2021 has confirmed the final value of Kiri's 37.57% stake in DyStar Global Holdings Pte Ltd (DyStar) at US$481.60 Million (approximately Indian INR 3,570 Crore), after giving effects of two minor adjustments. The buyout order to be executed at value of US$ 481.60 million as ordered by SICC vide their judgement dated July 3, 2018.

Please find attached herewith copy of SICC final valuation judgement dated June 21, 2021 for your reference and records.
You are requested to kindly note the above.