Kesar India Ltd has acquired a 50.01% equity stake in Mahashakti Coal Washeries Pvt Ltd (MCWPL), making it a subsidiary. The acquisition, completed on January 19, 2026, marks Kesar’s strategic diversification beyond construction and real estate into the fuel and energy segment through a cash transaction valued at Rs 50,010.
Kesar India Ltd announced that it has acquired 50.01% equity shares in Mahashakti Coal Washeries Pvt Ltd, turning the Nagpur-based fuel trading company into its subsidiary. The move reflects Kesar India's intent to diversify its portfolio and explore growth in the fuel and energy market.
The acquisition was executed on January 19, 2026, through a cash consideration of Rs 50,010 for 5,001 equity shares priced at Rs 10 each. Mahashakti Coal Washeries, incorporated in June 2024, currently reports nil turnover and a paid-up share capital of Rs 1 lakh.
Key Highlights
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Acquisition completed on January 19, 2026, through cash purchase
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Kesar India now holds a 50.01% stake, making MCWPL its subsidiary
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Acquisition does not fall under related party transactions
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MCWPL operates in the fuel trading and processing segment, including coal and coke
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Kesar India aims to diversify from real estate and construction toward energy and allied businesses
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Total deal value amounts to Rs 50,010
Sources: Exchange filing by Kesar India Ltd, BSE.