What was Kiri Industries' stake in DyStar Global Holdings?

Kiri Industries held a 37.57% stake in DyStar Global Holdings.

How much did Kiri Industries receive for its DyStar stake?

Kiri Industries received $689.83 million for its stake.

When did Kiri Industries complete the DyStar sale?

The payment for the DyStar sale was received on December 30, 2025.

Home / Business and Economy / Kiri Industries Sells DyStar Stake for $690M

Kiri Industries Sells DyStar Stake for $690M

2 Jan

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Summary

Kiri Industries completed the sale of its DyStar Global Holdings stake.
The company received $689.83 million for its 37.57% share.
Funds will be used strategically, making the company debt-free.

Kiri Industries Sells DyStar Stake for $690M

Kiri Industries is set to achieve debt-free status earlier than anticipated, following the successful divestment of its 37.57% shareholding in DyStar Global Holdings. The transaction, finalized with Zhejiang Longsheng Group for a substantial sum of $689.83 million, saw the payment received by Kiri Industries on December 30, 2025.

This significant financial influx is expected to provide the company with a major boost. Manish Kiri, the Chairman and Managing Director, highlighted that the deal is projected to yield a windfall of approximately Rs 6,200 crore. The company has articulated its intention to deploy these newly acquired funds with strategic foresight.

With the completion of this stake sale, Kiri Industries is strategically positioning itself for future growth and financial stability. The company plans to leverage this capital infusion to eliminate its outstanding debts, marking a pivotal moment in its financial trajectory.