Acquisitions25 Nov 2025, 06:11 pm
Beezaasan Explotech Ltd. to Acquire 34.84% Stake in Asawara Earthtech Limited for Rs. 52,64 Crores
AI Summary
Beezaasan Explotech Ltd. has approved the acquisition of 3,47,480 equity shares i.e. 34.84% of the Equity Share Capital of M/s. Asawara Earthtech Limited for a total purchase consideration of Rs. 52,64,32,200. The acquisition will be done through the issuance and allotment of up to 22,30,641 fully paid-up equity shares of Beezaasan Explotech Ltd. having a face value of Rs. 10/- each. This acquisition will make Asawara Earthtech Limited an associate company of Beezaasan Explotech Ltd.
Key Highlights
- Beezaasan Explotech Ltd. to acquire 34.84% stake in Asawara Earthtech Limited
- Total purchase consideration of Rs. 52,64,32,200
- Acquisition through issuance and allotment of up to 22,30,641 equity shares
- Asawara Earthtech Limited to become an associate company of Beezaasan Explotech Ltd.
- Approval of shareholders and BSE Limited required