Acquisitions2 Jul 2025, 06:42 pm
Wagend Infra Venture Ltd. to Acquire 10% Stake in Broxite Minerals LLP for Rs. 25 Crores
AI Summary
Wagend Infra Venture Ltd. has announced its decision to acquire a 10% stake in Broxite Minerals LLP. The acquisition, which will be carried out in one or more tranches, will cost Rs. 25 Crores and is based on the future cash flow of the LLP. Broxite Minerals LLP, incorporated in 2024, operates in the construction industry and mining & minerals, extraction of bauxite and laterite minerals. The acquisition is expected to help Wagend Infra Venture Ltd. expand its business in the Construction and Mining industry.
Key Highlights
- Wagend Infra Venture Ltd. to acquire a 10% stake in Broxite Minerals LLP
- The acquisition will cost Rs. 25 Crores
- Broxite Minerals LLP operates in the construction industry and mining & minerals, extraction of bauxite and laterite minerals
- The acquisition is expected to help Wagend Infra Venture Ltd. expand its business in the Construction and Mining industry
- The acquisition will be carried out in one or more tranches