Announced Tue, 23 Jun · 14:30 IST
Maximus International to acquire 40% stake in Quebec Petroleum Resources
Compliance View source PDF
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
₹12.21
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.7+0.7+0.7+0.7+4.4+2.4+3.0+3.7+4.4+7.8+10.7+9.9——
Up moveDown movePending
AI summary
Maximus International's Board has approved acquiring a 40% equity stake in Quebec Petroleum Resources Limited, a Vadodara-based lubricants and petroleum products maker, for Rs. 18.43 crore in cash. Quebec reported Rs. 184.73 crore turnover in FY25. This is Maximus's first major step into India's domestic lubricant market, complementing its existing Middle East and Africa export business. The deal is on an arm's length basis.
Likely market impact
Signals entry into the domestic lubricant market. Rs 18.43 crore cash deal could expand revenue base, but execution and integration risks remain.