Announced Tue, 23 Jun · 12:35 IST
Maximus International executes Share Purchase Agreement to acquire 40% in Quebec Petroleum
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.4%1-day move
₹12.15
prior close
₹12.34
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.0+0.0-1.9+4.4+2.4+3.0+3.7+4.4+7.8+10.7+9.9——
Up moveDown movePending
AI summary
Maximus International has executed a Share Purchase Agreement on 23 June 2026 to acquire 40% equity stake in Quebec Petroleum Resources Limited, a Vadodara-based company in lubricants manufacturing and petroleum products distribution with over 20 years of Indian market presence. The seller is Mr. Aniruddh Gandhi, a Non-Executive Director and Substantial Beneficial Owner, making this a related party transaction done at arms length basis.
Likely market impact
Diversifies into lubricants and petroleum distribution. Related party nature may draw governance scrutiny despite arms length claim.