Sylph Technologies to acquire 25% shares of Semitrone Conchem Ltd
Sylph Technologies plans to acquire a 25% stake in construction chemical manufacturer Semitrone Conchem Ltd for about ₹13.33 crore, aiming to expand its business. To protect its investment, Sylph can sell back its shares for the original amount plus 12% cumulative annual return if Semitrone Conchem Ltd fails to meet financial projections or breaches its agreement within 3 years.