StockWatch
·
Iron & Steel Products
Acquisitions7 May 2026, 05:21 pm

Western Ministil to Acquire 100% of Micron Calcite

AI Summary

Western Ministil Ltd (WML) has executed a Share Purchase Agreement (SPA) on May 7, 2026, to acquire 100% equity share capital of Micron Calcite Private Limited. This acquisition will make Micron Calcite a Wholly Owned Subsidiary of Western Ministil Limited. The transaction involves related parties, as Mr. Kalpesh Naginbhai Patel, a promoter and Non-Executive Director in WML, is also a director in Micron Calcite Private Limited. The transaction is considered an arm's length transaction.

Key Highlights

  • Western Ministil (WML) to acquire 100% of Micron Calcite Private Limited.
  • Micron Calcite will become a wholly-owned subsidiary of WML.
  • The Share Purchase Agreement (SPA) was executed on May 7, 2026.
  • Transaction involves related parties and is at arm's length price.