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![_Investor_Feed_ Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1825090112713285632.png) Investor Feed [@_Investor_Feed_](/creator/twitter/_Investor_Feed_) on x 6022 followers
Created: 2025-07-21 14:50:30 UTC

💰 RHI Magnesita India Invests ₹2.5 Cr in Subsidiary for Growth & Acquisition | MCap XXXXXXXX Cr

- RHI Magnesita India invests in wholly owned subsidiary Intermetal Engineers via rights issue.
- Allotment of XXX equity shares at ₹100 face value + ₹1,66,375 premium per share.
- Total cash consideration: ~₹2.5 crore.
- Intermetal Engineers manufactures slide gate mechanics & components, with turnover of ₹611.76 lakhs (FY 2025) and ₹665.33 lakhs (FY 2024).
- Transaction is a related-party deal but conducted at arm's length.
- Funds will support general corporate purposes & partial acquisition of Ashwath Technologies.
- Intermetal remains wholly owned by RHI Magnesita post-transaction.
- Subsidiary incorporated on XX May 1988.

Disc: Information provided in this tweet can be inaccurate, verify through the source before making any investment decision.

![](https://pbs.twimg.com/media/GwY6bGBbUAAHAHr.jpg)

XXX engagements

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**Related Topics**
[stocks](/topic/stocks)
[mcap](/topic/mcap)
[acquisition](/topic/acquisition)
[india](/topic/india)
[investment](/topic/investment)

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