Maximus International’s arm to acquire 49% stake in Quantum Lubricants

20 Sep 2022 Evaluate

Maximus International’s Kenya-based wholly owned subsidiary -- MX Africa (MXAL) has entered into SPA to acquire the remaining 49% stake in the Kenya-based Quantum Lubricants (QLL). Earlier, in 2019, MXAL had acquired a 51% equity stake in QLL which paved its entry into lubricant manufacturing in the African markets. With the ongoing acquisition of the 49%, MXAL will take total control over QLL’s entire operations.

Maximus International is primarily engaged in the business of importing and exporting lubricant oils, different types of base oils and other chemical products used mainly in the Automobile Industry, Power Industry and Metal manufacturing among others.

Maximus Internatl. Share Price

18.66 -0.98 (-4.99%)
21-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Redington 191.50
Adani Enterprises 2182.55
Amrapali Industries 18.01
Rashi Peripheral 361.95
Compuage Infocom 2.58
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.