Styrenix Performance Materials Limited — JV/Acquisition, 19-02-2025: Acquisition

Styrenix Performance Materials has completed the acquisition of a 36.13% stake in Clean Max Jasper Pvt. Ltd. (CMJPL), involving 3,613 equity shares. This strategic move aims to enhance the company’s renewable energy sourcing and optimize energy costs, aligning with regulatory requirements for captive power consumption. The acquisition is expected to bolster Styrenix’s sustainability efforts and provide a more reliable energy supply, potentially benefiting overall operational efficiency and long-term shareholder value.