Ashapura Minechem has received approval for acquisition of Shantilal Multiport Infrastructure by way of subscription to 663690 Equity Shares of Rs 10 each. The company is presently holding 186285 shares of Shantilal Multiport Infrastructure. Post this acquisition the percentage shareholding/control of the company shall increase to 50%, thereby making it an Associate Company.
Ashapura Minechem is the mine owner and exporter of bentonite. The company also has business interests in iron ore, bleaching clay, kaolin and barites.
