Acquisition / mergerFiled on BSE ·
Kiri Industries' subsidiary acquires 40% stake in Makilala Mining Company in Philippines
Kiri Industries Ltd · Chemicals & Petrochemicals
What the filing says
- Equinaire Holdings Limited, a wholly owned subsidiary of Kiri Industries, won a public auction on 8 Sept 2026 for 20 million shares, representing 40% of MMCI’s outstanding capital stock.
- Acquisition via Deed of Absolute Sale for USD 5,010,000 plus applicable taxes and legal fees; expected completion within 15-25 working days after documentation completeness.
- MMCI is developing the Maalinao-Caigutan-Biyog copper-gold project in the Philippines, holding a 25-year renewable Mineral Production Sharing Agreement for approx. 2,500 hectares.
Original filing
Announcement under Regulation 30 (LODR)-Acquisition
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.