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Maximus International zooms as its arm plans to acquire 49% stake in Pacific Lubricants

Maximus International Ltd. | Trading | Miscellaneous | BSE: 540401 | NSE:

26 Dec 2017 Evaluate

Maximus International is currently trading at Rs. 38.00, up by 2.00 points or 5.56% from its previous closing of Rs. 36.00 on the BSE.

The scrip opened at Rs. 38.00 and has touched a high and low of Rs. 38.00 and Rs. 38.00 respectively. So far 6000 shares were traded on the counter.

The BSE group 'M' stock of face value Rs. 10 has touched a 52 week high of Rs. 38.00 on 26-Dec-2017 and a 52 week low of Rs. 23.00 on 30-Mar-2017.

Last one week high and low of the scrip stood at Rs. 38.00 and Rs. 29.50 respectively. The current market cap of the company is Rs. 23.89 crore.

The promoters holding in the company stood at 71.07%, while Non-Institutions held 28.93% stake in the company.

Maximus International’s wholly owned subsidiary (WOS) situated in UAE - Maximus Global FZE, has decided to acquire 49% stake in Pacific Lubricants LLC, subject to necessary process and compliance. With this acquisition, the WOS will enjoy overall control over the operations of Pacific Lubricants LLC.

Pacific Lubricants LLC, an ISO 9000 company is engaged in manufacturing/production of Industrial, Specialty and Automotive lubricants at its plant in UAE. Maximus Global FZE is acting as a marketing and distribution company for the said products and hence it has been felt that this acquisition would be in overall interest of the company and thereby add to its performance and profitability.

Maximus International is primarily engaged in the business of importing and exporting lubricant oils, different types of base oils and other chemical products used mainly in the Automobile Industry, Power Industry and Metal manufacturing among others.

Maximus Internatl. Share Price

9.87 0.12 (1.23%)

17-Apr-2026 16:59 View Price Chart

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Maximus International zooms as its arm plans to acquire 49% stake in Pacific Lubricants

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