Krystal Integrated Services Limited Acquires 100% Stake in Citelum India Private Limited
Krystal Integrated Services Limited (formerly Krystal Integrated Services Private Limited) announced the execution of a Share Purchase Agreement (SPA) aimed at acquiring a controlling interest in Citelum India Private Limited (CIPL). The deal establishes CIPL as a wholly-owned subsidiary of Krystal Integrated Services Limited upon completion.The company entered into the Share Purchase Agreement on May 12, 2026, with M/s. Citelum and Mr. Frederic BELLOY. This transaction grants Krystal Integrated Services Limited the acquisition of 5,00,00,000 equity shares of Citelum India Private Limited.
According to the agreement details, the acquisition represents 100% of CIPL's paid-up share capital and voting rights.
Key Transaction Details
The core parameters of the acquisition are summarized below:| Detail | Description |
|---|---|
| Acquiring Entity | Krystal Integrated Services Limited |
| Target Entity | Citelum India Private Limited (CIPL) |
| Agreement Date | May 12, 2026 |
| Agreement Parties | M/s. Citelum and Mr. Frederic BELLOY |
| Shares Acquired | 5,00,00,000 equity shares |
| Transaction Scope | 100% of paid-up share capital and voting rights |
| Aggregate Consideration | Rs. 10,000/- (Rupees Ten Thousand only), subject to adjustments |
The Share Purchase Agreement governs the terms and conditions for acquiring the entirety of CIPL's equity share capital. These conditions include provisions regarding representations and warranties, indemnities, and other customary terms.
The acquisition aims to make CIPL a wholly-owned subsidiary of Krystal Integrated Services Limited. The transaction does not fall under related party transactions, and there are no recorded conflicts of interest or nominees on the board of directors of CIPL.
KRYSTAL Stock Price Movement
Today, Krystal Integrated Services Limited shares edged higher to close at ₹621.4, rallying 5.62% for the session. The equity was supported by 435,321 shares traded, settling comfortably between its day low of ₹586.1 and its high of ₹634.85.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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