Subsidiary DMSL to acquire 100% stake in explosives maker
DEEPAKFERT · price
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Deepak Mining Solutions Ltd, a wholly owned subsidiary of Deepak Fertilisers, has signed an agreement to acquire 100% equity shares of an explosives manufacturer for cash consideration. Target name, deal value and turnover are withheld due to confidentiality. Deal targets closure by 15 April 2026 or a mutually agreed date. The acquisition supports exports of value-added products using upcoming Technical Ammonium Nitrate (TAN) capacity at DMSL's Gopalpur plant, and exports to DMSL's Australian mining services subsidiary. Not a related party transaction. No regulatory approvals needed.
Strengthens DMSL's mining services vertical via backward integration into explosives, supporting export growth from upcoming TAN capacity. Deal value undisclosed.