Kiri Industries To Go Debt-Free After $689 mn DyStar Stake Sale?

Kiri Industries is poised to become debt-free ahead of schedule after completing the sale of its 37.57% stake in DyStar Global Holdings to Zhejiang Longsheng Group for $689.83 million. The company received the payment on December 30, 2025, and plans to utilise the funds strategically. According to Manish Kiri, Chairman and Managing Director, the company will get a windfall of Rs 6,200 crore from the deal.