Mittal Life Style Limited has informed the Exchange about acquisition of 100% equity shares of JK Infrasol Private Limited (formerly known as JK Denim Fab Private Limited)
MITTAL · price
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Mittal Life Style Limited has acquired 100% of the equity shares of JK Infrasol Private Limited (formerly JK Denim Fab Private Limited), making it a wholly owned subsidiary. The deal was done in cash for a total of Rs. 8.88 crore, with 24,27,000 shares bought at Rs. 36.59 per share. JK Infrasol operates in the infrastructure and construction sector, including equipment leasing, transport logistics, and building/bridge construction. Notably, the acquisition is a related party transaction because JK Infrasol is one of the promoters of Mittal Life Style, though the price was set at arm's length based on a registered valuer's report. The target company had a turnover of only Rs. 48.48 lakh in FY24 and a net worth of about Rs. 5.10 crore as of March 2024. No regulatory approvals were needed and the deal was completed on June 2, 2025.
This acquisition signals a strategic shift for Mittal Life Style into the infrastructure and construction space, which is different from its current lifestyle/textile business. Since it is a related party deal (acquiring from its own promoter), retail investors should watch for clarity on the valuation and future business performance. The small size of the target relative to the acquisition cost may raise questions about pricing and strategic intent.