Acquisitions11 May 2026, 05:51 pm
SK Minerals to Acquire Synergy Trade Links DMCC
AI Summary
SK Minerals & Additives Ltd's board approved the acquisition of 100% shares of Synergy Trade Links DMCC, Dubai, making it a wholly-owned subsidiary. The board also appointed Corporate Makers Capital Limited as the merchant banker for valuation. Additionally, the board took note of the resignations of Mr. Pawan Kumar Jain as Chief Marketing Officer (effective March 31, 2026) and Mr. Kapil Khera as Independent Director (effective April 16, 2026). The board meeting was held on May 11, 2026, from 5:00 P.M. to 5:28 P.M.
Key Highlights
- SK Minerals to acquire 100% of Synergy Trade Links DMCC.
- Corporate Makers Capital Limited appointed for transaction valuation.
- Pawan Kumar Jain resigned as Chief Marketing Officer.
- Kapil Khera resigned as Independent Director.