Sanstar Limited Announces Strategic Partnership with Ingredion Incorporated Through Preferential Issue and Joint Venture
Ahmedabad, May 28, 2026 : Ahmedabad-based Sanstar Limited (Sanstar), a leading corn-based specialty products and ingredient solutions company, has entered into two definitive agreements today with the $7.2 billion US-based multi-national Ingredion Incorporated (NYSE: INGR) for a strategic partnership aimed at accelerating growth in India’s specialty ingredients sector, subject to requisite shareholder and other applicable approvals. The partnership includes a preferential equity investment by Ingredion Incorporated into Sanstar, along with plans to establish a jointly-owned venture in India focused on specialty pharmaceutical excipients and other high-value ingredient solutions. Speaking on the announcement, Gautam Chowdhary, Managing Director, Sanstar Limited , said, “This partnership with Ingredion marks a defining chapter in Sanstar's evolution from a leading corn starch manufacturer to a full-spectrum specialty ingredients company. The preferential issue brings in a wor...