Sudarshan Chemical Share Price in Focus; Signs Deal To Sell German Subsidiary for €76.5 Million

Sudarshan Chemical Industries Ltd has signed an agreement to sell its 100% stake in VP4 Frankfurt GmbH through Sudarshan Germany Horizons GmbH, its step-down wholly-owned subsidiary, as per an exchange filing dated September 1, 2026.  

The definitive Share Purchase and Transfer Agreement was signed on August 31, 2026. The buyer is Celanese US Holdings LLC, which is part of Celanese Corporation.  

The transaction will result in VP4 Frankfurt ceasing to be a step-down wholly-owned subsidiary of Sudarshan Chemical after completion. 

Sale Consideration Set at €76.5 Million 

The company expects to receive €76.5 million on completion of the sale. The closing date will depend on the fulfilment of conditions precedent and other customary closing conditions. 

The transaction is not classified as a related party transaction. Sudarshan Chemical also stated that the buyer is not part of its promoter or promoter group.  

VP4 Frankfurt's Financial Contribution 

For the financial year ended March 31, 2026, VP4 Frankfurt recorded revenue of €15.72 million. Its revenue accounted for 6.71% of Sudarshan Chemical's standalone revenue and 1.64% of consolidated revenue. 

The German subsidiary contributed €5.67 million to net worth as of March 31, 2026, according to the transaction details disclosed by the company.  

Business Operations and Transaction Details 

VP4 Frankfurt manufactures certain intermediates and primarily operates as a tolling operator. Only a small portion of its production is used for captive consumption by Sudarshan Germany Horizons. 

Sudarshan Chemical said the sale would further focus its operations on the core pigment business. The disposal is outside the company's scheme of arrangement, and the provisions of Regulation 37A of the SEBI Listing Regulations do not apply.  

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Sudarshan Chemical Industries Share Price Performance  

As of September 1, 2026, 12:28 pm, Sudarshan Chemical Industries share price was trading at ₹1,267.30, a 0.039% increase from the previous closing price. 

Conclusion 

Upon completion, ownership of VP4 Frankfurt will transfer to Celanese US Holdings LLC for €76.5 million, subject to the agreed closing conditions. The subsidiary will then no longer form part of Sudarshan Chemical's group structure. 

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