Announced Fri, 19 Jun · 17:02 IST
Maximus International to acquire 40% stake in Quebec Petroleum for Rs 18.43 Cr
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
+1.4%1-day move
₹12.00
prior close
₹12.20
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.2-0.4-1.4-0.4+1.4+5.8+3.7+4.3+5.0+6.0+11.8+14.4——
Up moveDown movePending
AI summary
Board approved acquiring 40 percent stake in Quebec Petroleum Resources Limited for Rs 18.43 Cr in cash. Target is a Vadodara-based company in lubricants manufacturing and petroleum products distribution with FY25 turnover of Rs 184.73 Cr. The deal is a related party transaction as director Mr. Aniruddh Gandhi holds 40 percent in the target, and is being done at arm's length. Seen as a strategic investment in a similar line of business.
Likely market impact
Strategic entry into lubricants and petroleum products. Related party deal, so pricing fairness and arm's length terms deserve a close look from shareholders.