Privi Speciality Chemicals Subscribes to Equity Share Capital in Joint Venture Company
Privi Speciality Chemicals Limited announced a subscription towards equity share capital in Prigiv Specialties Private Limited, a joint venture with Givaudan SA, Switzerland, on March 26, 2026. The move follows a Joint Venture Agreement initially established on July 29, 2021, and subsequent Amendment Agreements.The Board of Directors of Prigiv Specialties Private Limited approved the allotment of equity share capital on the same date. The preferential allotment occurred at a price of 10 rupees per equity share.
Post-allotment, the paid-up capital of the joint venture company is detailed below:
| Name of Shareholder | Total Paid up Capital pre- allotment (Amount) | No. of Shares pre- allotment | Preferential Allotment on March 26,2026 (@ Rs.10/- each Equity Share) (Amount) | No. of shares Preferential Allotment | Total Paid up post allotment (Amount) | No. of shares Total Paid up | Percentage Shareholding |
|---|---|---|---|---|---|---|---|
| Privi Speciality Chemicals Limited | 17,85,00,000 | 1,78,50,000 | 25,50,00,000 | 2,55,00,000 | 43,35,00,000 | 4,33,50,000 | 50% |
| Givaudan SA, Switzerland | 17,15,00,000 | 1,71,50,000 | 24,50,00,000 | 2,45,00,000 | 41,65,00,000 | 4,16,50,000 | 49% |
| Total | 35,00,00,000 | 1,50,00,000 | 50,00,00,000 | 5,00,00,000 | 85,00,00,000 | 8,50,00,000 | 100% |
Ashwini Saumil Shah, Company Secretary for Privi Speciality Chemicals Limited, confirmed the update.
Source:
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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.