Acquisitions5 Nov 2025, 11:42 am
Deepak Fertilisers Acquires Full Ownership of Australian Subsidiary Platinum Blasting Services Pty Limited
AI Summary
Deepak Fertilisers & Petrochemicals Corporation Ltd has announced that its wholly owned subsidiary, Deepak Mining Solutions Limited (DMSL), has acquired the remaining 15% shareholding in its Australian subsidiary, Platinum Blasting Services Pty Limited (PBSPL), for a consideration of 10,699,325 AUD (equivalent to INR 62,80,23,629). This acquisition, made from an existing shareholder of PBSPL, increases DMSL's shareholding in PBSPL from 85% to 100%, making PBSPL a wholly owned subsidiary of DMSL. The transaction was conducted at a similar valuation as the previous transaction, based on a valuation guidance report from one of the Big Four accounting firms in Australia, using an earnings multiple.
Key Highlights
- Deepak Fertilisers' subsidiary, Deepak Mining Solutions Limited (DMSL), acquires the remaining 15% shareholding in its Australian subsidiary, Platinum Blasting Services Pty Limited (PBSPL)
- The acquisition consideration is 10,699,325 AUD (equivalent to INR 62,80,23,629)
- The acquisition increases DMSL's shareholding in PBSPL from 85% to 100%
- PBSPL becomes a wholly owned subsidiary of DMSL post-acquisition
- The transaction is conducted at a similar valuation as the previous transaction, based on a valuation guidance report from one of the Big Four accounting firms in Australia, using an earnings multiple