Sudarshan Chemical Sells 100% Stake in VP4 Frankfurt to Celanese US Holdings
Sudarshan Chemical Industries Limited has finalized the definitive agreement for the sale of its stake in VP4 Frankfurt GmbH. The sale, which involves the transfer of 100% ownership in VP4 Frankfurt, was executed by Sudarshan Germany Horizons GmbH, a Step-Down Wholly-Owned Subsidiary of the Company, on August 31, 2026.VP4 Frankfurt GmbH, a Wholly-Owned Subsidiary of Sudarshan Germany Horizons and a Step-Down Wholly-Owned Subsidiary of Sudarshan Chemical Industries Limited, is primarily engaged in the manufacture of certain intermediates. The company operates as a tolling operator, and only a small portion of its output is reserved for the captive consumption of Sudarshan Germany Horizons.
The sale of VP4 Frankfurt is positioned to sharpen Sudarshan Chemical Industries Limited's focus on its core pigment business. Upon the completion of the sale, VP4 Frankfurt will cease to be a Step-Down Wholly-Owned Subsidiary of the Company.
Transaction and Financial Details
The transaction involves the sale of the entire 100% stake in VP4 Frankfurt GmbH. The buyer in the deal is Celanese US Holdings LLC, a part of Celanese Corporation, a global chemical and specialty materials company. The buyer does not belong to the Promoter or Promoter Group of Sudarshan Chemical Industries Limited.The company is set to receive EUR 76,500,000 upon the completion of the sale.
Financial contributions and operational details of VP4 Frankfurt as of March 31, 2026, are as follows:
| Metric | Detail |
|---|---|
| Revenue Amount | EUR 15,722,521 |
| Percentage of Standalone Revenue | 6.71% |
| Percentage of Consolidated Revenue | 1.64% |
| Net Worth Contribution | EUR 5,670,674 |
| Agreement Signing Date | August 31, 2026 |
| Expected Completion Date | Subject to fulfillment of condition precedents and customary closing conditions |
The transaction was conducted at arm's length and does not fall within the purview of Related Party Transactions.
SUDARSCHEM Stock Price Movement
On Monday, shares of Sudarshan Chemical Industries Limited rallied, closing at ₹1266.8 after gaining 1.04%. The stock traded within a session range of ₹1235.1 to ₹1275, registering a volume of 796,088 shares.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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