RHI MAGNESITA INDIA LTD has informed the Exchange regarding 'Update on Acquistion'.
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RHI Magnesita India has completed the acquisition of 100% shareholding in Ashwath Technologies Private Limited through its wholly owned subsidiary Intermetal Engineers (India) on August 1, 2025. The total consideration paid was ₹14.12 crore (₹14,11,88,690), after adjustment from the originally agreed ₹14 crore. The Share Purchase Agreement was first signed on March 4, 2025, and all closing conditions have now been met. With this completion, Ashwath has become a step-down subsidiary of RHI Magnesita India. Ashwath had 10,000 equity shares of ₹10 face value, all of which have been acquired.
This is a small bolt-on acquisition (₹14.12 crore) completed through a subsidiary, so the direct financial impact on RHI Magnesita India is limited. The deal expands the group's subsidiary structure but is unlikely to materially move the stock price on its own. Investors may view it as a minor inorganic growth step.