StockWatch
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Iron & Steel Products
Acquisitions14 May 2026, 06:51 pm

Western Ministil Acquires 100% Stake in Micron Calcite

AI Summary

Western Ministil Limited has acquired 100% of the paid-up equity share capital of Micron Calcite Private Limited, making it a wholly-owned subsidiary. The acquisition was completed on May 14, 2026. The transaction falls under related party transactions as Mr. Kalpesh Naginbhai Patel, a promoter, is also a director in Micron Calcite Private Limited, but the transaction is at arm’s length price. Micron Calcite's turnover for FY 24-2025 was ₹22337162.95. The acquisition aligns with Western Ministil's business objectives and will facilitate further expansion.

Key Highlights

  • Western Ministil acquires 100% stake in Micron Calcite, making it a wholly-owned subsidiary.
  • The acquisition was completed on May 14, 2026.
  • Micron Calcite's turnover for FY 24-2025 was ₹22337162.95.
  • The transaction is a related party transaction at arm’s length price.
  • The acquisition aligns with Western Ministil's business objectives and will facilitate expansion.