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Created: 2025-07-18 12:46:17 UTC

Royal India Corporation Ltd. (RICL) has announced the acquisition of Suryam India Minecorp Private Limited (SIMPL) for ₹1.5 Cr. This strategic move will see RICL acquire XXX% of SIMPL's equity, making it a Wholly Owned Subsidiary (WOS). The acquisition is aimed at diversifying RICL's business into the mining sector. ⛏️

- 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀:
  ▪ 𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻 𝗧𝗮𝗿𝗴𝗲𝘁: Suryam India Minecorp Private Limited (SIMPL).

  ▪ 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗗𝗲𝘁𝗮𝗶𝗹𝘀:
    ▪ RICL will acquire 10,00,000 equity shares of SIMPL.
    ▪ Face value: ₹10 per share.
    ▪ Premium: ₹5 per share.
    ▪ Total consideration: ₹1.5 Cr (₹1,50,00,000).
  ▪ 𝗣𝗼𝘀𝘁-𝗔𝗰𝗾𝘂𝗶𝘀𝗶𝘁𝗶𝗼𝗻: SIMPL will become a WOS of RICL, with RICL holding XXX% of its equity.

  ▪ 𝗦𝗜𝗠𝗣𝗟 𝗢𝘃𝗲𝗿𝘃𝗶𝗲𝘄:
    ▪ Net Worth (as of March 31, 2025): ₹1 Cr.
    ▪ Turnover: Nil.
    ▪ Industry: Mining (extraction of granite, marble, and other natural stones).
    ▪ SIMPL holds a XX% stake in Exclusive Quarries Private Limited, engaged in stone mining.
  ▪ 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗜𝗺𝗽𝗮𝗰𝘁: Diversification of RICL's business into the mining segment.
  ▪ 𝗧𝗶𝗺𝗲𝗹𝗶𝗻𝗲: Acquisition is expected to be completed within X months.
  ▪ 𝗔𝗽𝗽𝗿𝗼𝘃𝗮𝗹𝘀: No governmental or regulatory approvals are required.
  ▪ 𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗮𝘁𝗶𝗼𝗻: Cash.

📊 ROYAL INDIA CORPORATION LTD | 🏷️ Acquisition

🌐 Details:

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XXX engagements

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**Related Topics**
[mining](/topic/mining)
[acquisition](/topic/acquisition)
[india](/topic/india)

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