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AML acquires entire stake of Ashapura Resources

02 Dec 2017 Evaluate

Ashapura Minechem (AML) has acquired 10,000 Equity Shares of Rs 10 each fully paid up (entire share capital) of Ashapura Resources (ARPL), previously known as Mineralco International, from the existing shareholders of the said the company thereby making it a Wholly Owned Subsidiary of the company. The company has acquired entire stake of ARPL with the intention of expanding its mineral portfolio.

Ashapura Minechem is mine owner and exporter of bentonite.

Peers
Company Name CMP
Coal India 416.90
NMDC 71.70
Ashapura Minechem 465.30
Sandur Manganese 175.10
GMDC 471.00
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