Acquisitions14 Aug 2026, 04:43 pm
20 Microns Acquires 99.99% Stake in Shree Shrest Minerals for ₹1.5 Cr
AI Summary
20 Microns Ltd has acquired a 99.99% partnership interest in M/s Shree Shrest Minerals, a Rajasthan-based firm engaged in mining Quartz and Feldspar. The acquisition, valued at ₹1.5 crore, aims to strengthen the company's captive sourcing of industrial minerals and expand its mining operations. The deal does not constitute a related party transaction and was conducted on an arm's length basis. Shree Shrest Minerals holds mining rights near Village Khakharmala, Tehsil Raipur, District Bhilwara, Rajasthan. The acquisition is expected to be completed shortly.
Key Highlights
- 20 Microns acquired 99.99% stake in Shree Shrest Minerals for ₹1.5 crore.
- The acquisition aims to enhance captive sourcing of Quartz and Feldspar.
- The deal is not a related party transaction and is at arm's length.
- Shree Shrest Minerals holds significant mining rights in Rajasthan.
- The acquisition complements 20 Microns' existing industrial minerals business.
Price Impact
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