Deepak Fertilisers and Petrochemicals Corporation’s wholly owned subsidiary -- Deepak Mining Solutions (DMSL) has enhanced its shareholding in its Australian subsidiary and Step-Down subsidiary of the Company, Platinum Blasting Services Pty, from 65% to 85% by buying shares from other existing shareholders of the Company for an aggregate consideration of 11.78 million AUD equivalent to Rs 64.10 crore.
The said enhancement of shareholding by DMSL in its dividend paying subsidiary has been consummated based on valuation guidance report from one of the Big Four accounting firms in Australia, based on earnings multiple.
Deepak Fertilisers and Petrochemicals Corporation (DFPCL) is among India’s leading producers of fertilisers and industrial chemicals.
