JD Orgochem Limited (BSE:524592) entered into a scheme of implementation to acquire Jaysynth Dyestuff (India) Limited and Jaysynth Impex Private Limited on January 24, 2023. As per the terms, JD Orgochem will issue 14 fully paid up equity shares JD Orgochem allotted for every 1 share held by the Equity Shareholders of Jaysynth Dyestuff (India) Limited, and 252 fully paid up 2% Redeemable Non-convertible Non-Cumulative Non-Participating Preference Shares of JD Orgochem to be issued and allotted for every 1 each held by the Equity Shareholders of Jaysynth Impex Private. The transaction has been approved by National Company Law Tribunal on April 19, 2024.
JD Orgochem Limited (BSE:524592) completed the acquisition of Jaysynth Dyestuff (India) Limited and Jaysynth Impex Private Limited on May 3, 2024. All the conditions have been fulfilled.