Announced Fri, 19 Jun · 16:52 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
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.