SUDARSCHEMSudarshan Chemical Industries Ltd.
Sudarshan Chemical Industries completes sale of VP4 Frankfurt GmbH
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Reviewed byKeshav SehgalBlacklitt Research
Sudarshan Chemical Industries (NSE: SUDARSCHEM) said in a filing on 02 Nov 2026 that its step-down subsidiary Sudarshan Germany Horizons GmbH has completed the sale of its 100% stake in VP4 Frankfurt GmbH to Celanese US Holdings LLC. The consideration is stated as the USD equivalent of EUR 75,800,000. VP4 Frankfurt ceased to be a step-down wholly-owned subsidiary of the company effective 2 Nov 2026.
The sale and its terms
Sudarshan Germany Horizons GmbH completed the sale on 2 Nov 2026, after the closing conditions and condition precedents in the share purchase agreement were fulfilled. The agreement was dated 31 Aug 2026, and the company had disclosed its signing in a disclosure dated 1 Sep 2026.
The consideration is stated in USD equivalent of EUR 75,800,000, and the filing gives no separate USD amount. With the sale completed, VP4 Frankfurt GmbH has left the group, and the company has uploaded the intimation to its website, www.sudarshan.com.
What the sale means for Sudarshan Chemical Industries' shareholders
The company has sold its entire holding in VP4 Frankfurt GmbH, which is no longer part of the group from 2 Nov 2026. The filing does not give the reason for the sale, the effect on the company's financial results, the business and revenue contribution of VP4 Frankfurt GmbH, or the use of the sale proceeds.
The filing sets out no further dated step.
At a glance
| Item | Detail |
|---|---|
| Seller | Sudarshan Germany Horizons GmbH, a step-down wholly-owned subsidiary |
| Company sold | VP4 Frankfurt GmbH |
| Stake sold | 100% |
| Buyer | Celanese US Holdings LLC |
| Consideration | EUR 75,800,000 (USD equivalent stated) |
| Agreement date | 31 Aug 2026 |
| Completion date | 2 Nov 2026 |
| Earlier disclosure | 1 Sep 2026 |
Filed with NSE on . Reference: Original filing (PDF)
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