DMR Hydroengineering & Infrastructures Limited has acquired an additional 60% stake in DM Consulting Engineers Private Limited, making it a subsidiary of the company. This strategic move aims to expand DMR’s presence in engineering, procurement, and consulting services.
Key Highlights of the Acquisition:
- Stake Increase: DMR Hydroengineering acquired 55,000 equity shares worth ₹10 each, totaling ₹5,50,000, increasing its stake from 49% to 60%.
- Industry Focus: DM Consulting specializes in new energies and materials, aligning with DMR’s strategic growth areas.
- Arm’s Length Transaction: The acquisition is categorized as a related-party transaction involving DMR promoters, conducted on an arm’s length basis.
- Cash Consideration: The deal was executed through cash payment, with no share swaps involved.
- Acquisition Date: The transaction was completed on January 16, 2025.
Financial and Operational Insights:
- Turnover:
- FY 2023-24: ₹4,00,000
- FY 2022-23: ₹7,75,000
- FY 2021-22: ₹8,74,125
- Future Growth: The acquisition provides a platform for venturing into innovative business avenues within the engineering and consulting domain.
DM Consulting was established in 2014 and has evolved to focus on sustainable engineering and consulting solutions. This acquisition marks a significant milestone in DMR’s growth journey, reflecting its commitment to diversifying business opportunities.
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