Company has agreed to acquire 24,999 Equity Shares of Unique Techno Associates Private Limited
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Continental Petroleums Limited has agreed to acquire 24,999 equity shares (50% stake) of Unique Techno Associates Private Limited for a cash consideration of Rs 7.15 crore (Rs 2,860 per share). Unique Techno Associates is an export-focused lubricants and greases manufacturer based in Dahej SEZ, Gujarat, with a turnover of Rs 6.03 crore in FY25. Combined with a prior share swap, Continental Petroleums will hold 88.20% of the target after completion. The deal is a related party transaction as promoters hold shares in the target entity, and is expected to close within 15 days with no regulatory approvals required.
The acquisition strengthens Continental Petroleums' manufacturing capacity and export reach in its core lubricants business, but the target is small (Rs 6 Cr turnover), so financial impact will be modest in the near term.