Ashapura Minechem Limited — JV/Acquisition, 01-10-2025: Acquisition

Ashapura Minechem is simplifying its corporate structure by acquiring 100% of Ashapura Holdings (UAE) FZE (AHUF), currently a step-down subsidiary, for AED 3,000,000 cash. This strategic move aims to streamline UAE operations, making AHUF a direct wholly-owned subsidiary. AHUF, an investment and business consultancy firm, generated a robust turnover of USD 212.96 million in FY25. This internal realignment enhances operational efficiency and clarifies ownership within the group's international footprint.