Deepak Fertilizers and Petrochemicals Corporation Limited — Important, 17-02-2025: Updates

Deepak Fertilisers and Petrochemicals Corporation Limited's wholly owned subsidiary, Deepak Mining Solutions Limited (DMSL), has enhanced its shareholding in the Australian subsidiary, Platinum Blasting Services Pty Limited, from 65% to 85%. The shares were acquired from existing shareholders for a total of AUD 11.78 million, equivalent to INR 64.11 Cr. This strategic move is part of the company's transition from commodity-focused operations to offering holistic mining solutions. The transaction is supported by a valuation guidance report from a leading accounting firm in Australia, based on earnings multiples. This expansion indicates a positive outlook for DMSL as it strengthens its foothold in the mining sector.