March 26, 2025 admin Leave a reply Post Comment

Jyothy Labs sold entire equity stake in Jyothy Kallol Bangladesh

Jyothy Labs Limited has announced the sale of its entire 75% equity stake in Jyothy Kallol Bangladesh Limited (JKBL) to Kallol Enterprise Limited for an aggregate consideration of BDT 3,01,92,134. The transaction was approved by the company’s Board of Directors in a meeting held on March 25, 2025.

Following the sale, JKBL has ceased to be a subsidiary of Jyothy Labs with immediate effect. The company has also executed a Share Purchase Agreement (SPA) with Kallol Enterprise Limited, which previously held a 25% stake in JKBL.

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Jyothy Labs sold entire stake in Jyothy Kallol Bangladesh