Western Ministil Acquires Micron Calcite as Wholly Owned Subsidiary

Western Ministil Limited's Board approved the acquisition of 10,000 equity shares of Rs 10 each in Micron Calcite Private Limited, representing 100% of its paid-up capital, at Rs 454 per share for a total cash consideration of Rs 45.40 lakh.

Acquisition Details

Post-acquisition, Micron Calcite (CIN: U14200GJ2008PTC054266), engaged in minerals and metal trading/processing with FY24-25 turnover of Rs 2.24 crore, will become a wholly owned subsidiary within two months. Promoters Kalpesh Patel and Vandana Patel, directors in the target, confirm the arm's-length transaction aligns with Western Ministil's business expansion goals.

Source : Equity Bulls

Keywords

WesternMinistil Acquisition MicronCalcite