Jayant Agro Organics, Mitsui JV

Jayant Agro Organics Ltd has informed that Mitsui & Co. Ltd Japan and Mitsui & Co (Asia Pacific) PTE. LTD., have together entered into a Joint Venture Agreement for investing 24% in the Equity Shares of Ihsedu Specialty Chemicals Pvt. Ltd a subsidiary of the Company. Ihsedu Speciality Chemicals Pvt. Ltd is setting up chemicals manufacturing unit for manufacturing specialty chemicals based on Castor Oil. The estimated cost of the Project is Rs 60 crores.

Further, the Company has appointed Three new directors and Mitsui Group has appointed two directors on the board of Ihsedu Speciality Chemicals Pvt. Ltd.