Kachchh Minerals has received approval for the acquisition of 30,000 equity shares, i.e. 100% equity shareholding of Rajhans Procon (RPPL) for a total purchase consideration of Rs 206.75 crore at a price of Rs 68,915 per equity share (Purchase Consideration). The Purchase Consideration payable shall be discharged by way of issue and allotment of upto 7,38,37,500 fully paid-up equity shares of the Company having face value of Rs 10 each at a price of Rs 28 per equity share (including a premium of Rs 18 per share).
Pursuant to this acquisition, Rajhans Procon will become the wholly owned subsidiary of Kachchh Minerals, subject to approval of members of the Company in the ensuing Extra Ordinary General Meeting. The Board of Directors of the Company at their meeting held on April 24, 2025, has inter alia, considered and approved the same.
Kachchh Minerals is engaged in the business of mining, processing and marketing of minerals.
