Acquisition

Intermetal Engineers (India) Private Limited, a wholly owned subsidiary of RHI Magnesita India Limited, has executed a Share Purchase Agreement to acquire 100% of Ashwath Technologies Private Limited for a total consideration of INR 14 Crore.

This acquisition involves 10,000 equity shares at a face value of INR 10 each.

The strategic purpose of this move is to enhance RHI Magnesita's operational capabilities and market presence in relevant sectors.

This consolidation is expected to provide operational synergies that could bolster the company’s financial performance in the future.