Deep Diamond India to Acquire Oasis Ceramics for ₹431.5 Million

The National Company Law Tribunal (NCLT) has approved Deep Diamond India Limited's resolution plan to acquire Oasis Ceramics. The cost of acquisition is set at ₹431.5 million, marking a significant expansion for Deep Diamond into the ceramics sector. This strategic move diversifies Deep Diamond's portfolio beyond its core diamond business, potentially opening new revenue streams and market opportunities. The acquisition of Oasis Ceramics, which was undergoing insolvency proceedings, demonstrates Deep Diamond's commitment to growth through strategic investments. This development is expected to strengthen Deep Diamond's market position and could lead to synergies between its existing operations and the newly acquired ceramics business.

 

Source: Deep Diamond India Limited