Archive · 2 Jun 2025
Kiri Industries Shares Fall After Announcing DyStar Stake Sale
Kiri Industries announced they are selling their stake in DyStar for a large sum of money, much bigger than the company's total value.
Despite this potentially good news, the company also reported a loss in the latest quarter, which is larger than the loss from the same time last year.
Revenue has also dropped.
This news caused the company's stock price to fall.
The sale of the DyStar stake is still in progress and needs approvals.
Investors are reacting negatively to the overall financial results.
Kiri Industries reported a net loss of ₹84.6 crore in its latest quarter, compared to a loss of ₹9.6 crore the previous year.
Revenue for Kiri Industries fell by 6.5% to ₹205 crore.
The company agreed to sell its 37.57% stake in DyStar for a base consideration of $676.26 million (approximately ₹5,765 crore).
This sale amount exceeds Kiri Industries' current market capitalization of around ₹3,800 crore.
Shares of Kiri Industries declined following the announcements.
- Who
- Kiri Industries and Zhejiang Longsheng Group.
- What
- Kiri Industries reported a net loss and entered an agreement to sell its stake in DyStar.
- When
- May 30, following the announcement of Q4 results and a stake sale agreement.
- Where
- The financial markets, regarding Kiri Industries.
- Why
- The company posted a loss and is selling a stake in another company to boost finances.
- Q4 Net Loss
- ₹84.6 crore
- Net Loss (Previous Year)
- ₹9.6 crore
- Revenue
- ₹205 crore
- Revenue Decline
- 6.5%
- DyStar Stake Sale
- $676.26 million
- DyStar Stake Percentage
- 37.57%
- Sale Proceeds (approx.)
- ₹5,765 crore
- Market Capitalization (approx.)
- ₹3,800 crore
