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20 Microns’ arm inks pact to acquire 100% stake in Goh Teik Lim Quarry SDN BHD, IQ Marbles SDN BHD

18 Jul 2024 Evaluate

20 Microns’ subsidiary -- 20 Microns SDN BHD, Malaysia has signed the share purchase agreements for acquisition of 100% equity shares of Goh Teik Lim Quarry SDN BHD and IQ Marbles SDN BHD for an aggregate value not exceeding RM 15,100,000 (Approximately Rs 27 crore). Pursuant to share purchase agreements becoming effective, Goh Teik Lim Quarry SDN BHD and IQ Marbles SDN BHD would become step-down subsidiaries of 20 Microns.

The entities which are to be acquired are in the same line of business as that of the Company i.e., in the business of extraction and processing of high purity limestone. The acquisition of 100% equity shares of GTLQ SDN BHD and IQ Marbles SDN BHD will enable access to good quality (High purity of Caco3) of limestone reserves in Malaysia especially when such deposits are getting scarce. Accordingly, 20 Microns will have access to quality reserves leading to overall expansion.

20 Microns is engaged in Business of Industrial Micronised Minerals and Speciality Chemicals.

20 Microns Share Price

176.65 -0.85 (-0.48%)
21-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Coal India 443.10
NMDC 88.45
GMDC 689.50
Sandur Manganese 212.40
MOIL 322.35
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