Maximus International to acquire 40% stake in Quebec Petroleum for Rs 18.43 Cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+1.7%Reaction day

₹12.00

prior close

₹12.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+0.8% vs market

Trading & Distributors peers, median of 140sector+0.0%+1.7% vs sector

On the reaction day the stock moved 0.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+1.7+0.8+0.8+0.0+1.7

Next day

+1.4+0.1+1.3-0.6+2.0

+5.8+0.0+5.7+0.0+5.8

+3.7-0.6+4.2-1.0+4.7

+4.3-0.9+5.1-2.0+6.3

+5.0+0.2+4.8-1.5+6.5

+6.0+1.2+4.8-0.7+6.7

15d

+11.8+0.7+11.1-2.6+14.4

+14.4-0.4+14.9-4.9+19.3

+21.5+5.2+16.3-4.3+25.8

+25.0+5.4+19.6-6.6+31.6

UpDownMarket · Nifty Microcap 250Sector · Trading & Distributors peers, median of 140Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Maximus International's board approved acquiring 40% stake in Quebec Petroleum Resources Ltd, a Vadodara-based lubricants maker and petroleum distributor, for Rs 18.43 Crores in cash. Target posted Rs 184.73 Cr turnover in FY25 and has 20-plus years of Indian market presence. The deal is a related party transaction, as Non-Executive Director Aniruddh Gandhi already holds 40% in the target. Completion is subject to conditions in the Share Purchase Agreement.

Likely market impact

Strategic acquisition in similar line of business for long-term value. Related-party deal, so watch for governance scrutiny. No open offer triggered.