The Company and SDPA propose to invest 50% each in Sayaji Ingritech LLP for the purpose of manufacturing of Gum Arabic / Gum Acacia, Gum Ghatti and Gum blends with the technology provided by Alland and Robert. Presently the company is holding 75.99% of the capital of Sayaji Ingritech LLP. After entering into this JV, the company will hold 50% and SDPA will also hold 50% in
You Can Also Read This Power Finance Corporation jumps on issuing India’s first-ever Euro Green Bond
Sayaji Ingritech LLP the name of which will be changed in future in the manner as agreed to between the partners. The profit sharing ratio will also be 50:50 between the Company and SDPA. Sayaji Industries is one of the largest manufacturers of Starches, Liquid Glucose, Dextrose Monohydrate, Anhydrous Dextrose and Sorbitol in India.