Mining a New Future: Kachchh Minerals Bags Rajhans Procon for ₹2.07 Billion

Kachchh Minerals Ltd. has received board approval for its acquisition of Rajhans Procon Private Limited in a deal valued at ₹2.07 billion (Rs. 207 crores). The acquisition was approved today and represents a key part of the company's strategy to expand and grow its business in the minerals and mining industry. According to the regulatory filing, the acquisition would involve Kachchh Minerals acquiring 30,000 equity shares of Rajhans Procon, strengthening its portfolio and formally enhancing the company's operational capabilities in mineral extraction and processing.

 

The transaction will be executed on a share-swap basis, with equity shares of Kachchh Minerals being issued to shareholders of Rajhans Procon, rather than consideration in the form of cash. This acquisition of Rajhans Procon is strategically important and is intended to improve Kachchh Minerals' position in the market and its range of products and services, especially with respect to specialty mining and metals. The Board also dealt with a number of related corporate matters, specifically, measures to amend the company's memorandum of association, as well as an increase in the authorized share capital of the company related to the deal.

 

Source: Refinitiv