StockWatch
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Residential- Commercial Projects
Acquisitions6 Oct 2026, 03:47 pm

RDB Infrastructure increases stake in Maxim Industries to 45%

AI Summary

RDB Infrastructure And Power Ltd has entered into a Memorandum of Understanding (MoU) dated October 6, 2026, to purchase shares from Samvik Power Private Limited, a shareholder of Maxim Industries Private Limited. This transaction aims to increase RDB Infrastructure's equity stake in Maxim Industries from the current 29% to 45%. The acquisition involves a cash consideration of ₹2,40,000/-. This development follows earlier intimations regarding RDB Infrastructure's investment in Maxim Industries and the execution of a Shareholders' Agreement. The company has provided disclosures as required by SEBI Listing Regulations.

Key Highlights

  • MoU signed to increase stake in Maxim Industries.
  • Equity stake to rise from 29% to 45%.
  • Cash consideration of ₹2,40,000/- for the share purchase.
  • Transaction aims to consolidate control in Maxim Industries.