Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal completed the acquisition of 63.3% stake in Pentokey Organy Limited from Somaiya Agencies Pvt Ltd, Sakarwadi Trading Co. Pvt. Ltd. and Godavari Biorefineries Ltd.
June 24, 2021
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Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal (Acquirers) signed a share purchase agreement to acquire 63.3% stake in Pentokey Organy (India) Limited (BSE:524210) from Somaiya Agencies Pvt Ltd, Sakarwadi Trading Co. Pvt. Ltd. and Godavari Biorefineries Ltd. for INR 31.8 million on May 14, 2021. Under the terms of share purchase agreement, acquirers will pay INR 8 per share in cash for 3.97 million shares. In a related transaction, acquirers made an offer to acquire 26% stake in Pentokey Organy (India) Limited (BSE:524210) for INR 14.3 million on May 14, 2021. Post-closing, Somaiya Agencies Pvt Ltd, Sakarwadi Trading Co. Pvt. Ltd. and Godavari Biorefineries Ltd. will not hold any stake in Pentokey Organy (India) Limited.
Purshottam Kejriwal, Vibhu Kejriwal, Shantanu Purshottam Kejriwal and Kostuv Purshottam Kejriwal (Acquirers) completed the acquisition of 63.3% stake in Pentokey Organy (India) Limited (BSE:524210) from Somaiya Agencies Pvt Ltd, Sakarwadi Trading Co. Pvt. Ltd. and Godavari Biorefineries Ltd. on June 25, 2021.
Pentokey Organy (India) Limited is an India-based company, which is engaged in the business of trading organic chemicals. The Company is a manufacture, produce, formulate, process, refine, recovery, extract, distill, concentrate, dilute, rectify, convert, replace, grow, cultivate, pack, repack, buy, sell, export, import, or otherwise deal in all types of heavy and light organic. The Companyâs products include Acetic Acid, Ethyl Acetate, Acetaldehyde and Butyl Acetate. Acetic Acid is used for the manufacturing of PTA, VAM and Ester, acetic anhydride, textile processing, leather tanning, pharmaceuticals and pesticides. Its Ethyl Acetate is used for Printing Inks, Paints and Coatings, Laminates, Aluminum Foil, Pesticides and Pharmaceuticals. Its Acetaldehyde is used for the manufacture of Crotonaldehyde Glyoxal and the production of perfumes, polyester resins and basic dyes. Its Butyl Acetate is used for Pharmaceuticals, Coatings, Lacquers, Paints and Solvents.
PENTOKEY ORGANY (INDIA) LIMITED 
