Jyothy Laboratories
312.35
-1.10(-0.35%)
Market Cap₹11,469.90 Cr
PE Ratio30.95
Company Performance:
1D-0.35%
1M+0.47%
6M-16.30%
1Y-37.32%
5Y+131.37%
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More news about Jyothy Laboratories
26Mar 25
Jyothy Labs Exits Bangladesh Market: Sells Entire Stake in Jyothy Kallol Bangladesh
Jyothy Labs Limited has divested its 75% stake in Jyothy Kallol Bangladesh Limited (JKBL) to Kallol Enterprise Limited for 301,92,134 Bangladeshi Taka. The transaction, approved on March 25, 2025, marks Jyothy Labs' complete exit from the Bangladesh market. JKBL's contribution to Jyothy Labs' consolidated financials was minimal, accounting for 0.14% of revenue and 0.42% of net worth based on FY 2024 figures. The deal, conducted at arm's length, is seen as a strategic move by Jyothy Labs to streamline its international operations and potentially focus on more profitable markets.
25Mar 25
Jyothy Labs Exits Bangladesh Market: Sells Entire Stake in Subsidiary
Jyothy Labs Limited has decided to sell its entire 75% stake in its Bangladesh subsidiary, Jyothy Kallol Bangladesh Limited (JKBL), to Kallol Enterprise Limited for 301.92 million Bangladeshi Taka. The transaction, approved by the Board of Directors, is set to complete on March 25, 2025. JKBL's contribution to Jyothy Labs' consolidated figures was minimal, with revenue and net worth impacts of 0.14% and 0.42% respectively. This strategic move signals a potential shift in Jyothy Labs' international operations and focus on its core Indian market.
Jyothy Laboratories
312.35
-1.10
(-0.35%)
1 Year Returns:-37.32%
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