Deep Industries Limited — JV/Acquisition, 15-01-2025: Acquisition

Deep Industries Limited has acquired a 100% equity stake in Indra Offshore Services Private Limited for an aggregate investment of INR 11,000. This acquisition allows Deep Industries to enhance strategic and operational efficiencies as both companies operate within the Oil and Gas industry, specifically in Air & Gas Compression, Drilling, Workover, and Gas Dehydration Services. With this move, Indra becomes a wholly owned subsidiary, potentially positioning Deep Industries for expanded market capabilities and synergies within the sector.