Sanstar Limited Announces Strategic Partnership with Ingredion Incorporated Through Preferential Issue and Joint Venture
Ingredion has entered into a strategic partnership with Indian specialty ingredients company Sanstar Limited, involving a preferential equity investment and a new joint venture. Ingredion will invest Rs 198.3 crore (~$24M) via a preferential allotment at Rs 110 per share, serving as a strategic anchor investor.
Key figures
- Deal Value Usd
- Rs 198.3 crore
- Offering Price
- Rs 110
- Sanstar capacity tpd
- 2350
- Sanstar market cap usd
- 7.2 billion
AI analysis
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