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Jayant Agro Organics Buys out Mitsui’s Stake in Indian Firm

5:06 AM MDT | August 16, 2011 | Deepti Ramesh

Oleochemical company Jayant Agro Organics (Mumbai) informed the Bombay Stock Exchange (Mumbai) that it has entered into a share purchase agreement with Mitsui & Co. and Mitsui & Co. Asia Pacific (Singapore) to acquire the 24% stake held by the Mitsui group in Ihsedu Speciality Chemicals (Mumbai), a Jayant Agro subsidiary. Jayant Agro already holds 75.96% stake in Ihsedu. The remaining 0.04% stake in Ihsedu is held by other promoter companies, and this stake will also be acquired by Jayant Agro. Following the completion of these transactions, Ihsedu will...

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