Acquisitions4 Aug 2026, 04:40 pm
Rudra Gas Enterprise Acquires 71% Stake in DS Pipeline Projects for ₹18.38 Cr
AI Summary
Rudra Gas Enterprise Ltd has successfully completed the acquisition of 71% equity shares in DS Pipeline Projects Limited (DSPL) for a total consideration of INR 18,38,28,330. This strategic move makes DSPL a subsidiary of Rudra Gas Enterprise, aiming to diversify and expand its existing business operations. DSPL operates in the gas pipeline sector, focusing on laying High-Pressure Steel Gas Pipelines, Medium Density Polyethylene Pipelines, and PNG Connections. The acquisition is not a related party transaction, and DSPL's registered office is in Delhi. The company reported audited revenues of INR 8.48 Cr for FY25, INR 6.95 Cr for FY24, and INR 5.33 Cr for FY23.
Key Highlights
- Acquisition of 71% stake in DS Pipeline Projects Limited completed.
- Consideration for the acquisition amounts to ₹18.38 Crores.
- DSPL becomes a subsidiary, diversifying Rudra Gas Enterprise's operations.
- DSPL operates in the gas pipeline sector, including laying pipelines and PNG connections.
- Acquisition is not a related party transaction.
Price Impact
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