Beezaasan Explotech to Fully Acquire Asawara Industries—Complete Control in 6 Months

Beezaasan Explotech Ltd. has announced its decision to acquire the remaining 49% stake in Asawara Industries Ltd., making it a wholly owned subsidiary. The agreement, signed on March 21, 2025, involves a cash transaction based on a valuation derived under Rule 11UA of the Income Tax Act. The acquisition is expected to be completed within six months, subject to regulatory and procedural clearances.

 

This move marks a strategic consolidation for Beezaasan, which already holds a 51% stake in Asawara. The full ownership will allow Beezaasan to streamline operations, enhance synergies, and unlock value across its commodity chemicals and explosives portfolio. Asawara Industries reported ₹3.9 million in revenue for FY24, and the acquisition is expected to bolster Beezaasan’s integrated manufacturing capabilities.

 

The announcement follows Beezaasan’s recent momentum, including purchase orders worth ₹139.8 million and a successful IPO of ₹599.34 million earlier this year.

 

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Source: MarketScreener