Anupam Rasayan India Limited Acquires 100% Stake in Mates Visa Consultancy Private Limited
Anupam Rasayan India Limited has completed the acquisition of 1,000 equity shares in Mates Visa Consultancy Private Limited, making the entity a wholly-owned subsidiary of the company. The transaction, finalized on July 17, 2026, involved the purchase of 100% of the paid-up equity share capital of the target company.The acquisition was executed through Form SH-4 with the sellers and is part of a broader group restructuring exercise aimed at structurally rationalizing the company's investments. Notably, the acquired entity will serve as a person acting in concert (PAC) with Anupam Rasayan India Limited for the proposed acquisition of equity shares in Bliss GVS Pharma Limited.
The target company, Mates Visa Consultancy Private Limited, is an unlisted private company incorporated on May 25, 2022. It operates in the immigration, visa, and overseas education consultancy sector, providing services such as IELTS/PTE test preparation, passport documentation, and NRI services. As part of this acquisition, the target's board and shareholders have passed resolutions to amend its objects to align with the company’s Memorandum of Association, and the entity is currently undergoing a name change to reflect these updated objectives.
The transaction was conducted on an arm's length basis and does not constitute a related party transaction. The purchase price for the shares was fixed at INR 10 per equity share.
Financial Details of the Acquisition
| Particulars | Details |
|---|---|
| Target Entity | Mates Visa Consultancy Private Limited |
| Number of Shares Acquired | 1,000 Equity Shares |
| Shareholding Percentage | 100% |
| Purchase Price per Share | INR 10 |
| Aggregate Consideration | INR 10,000 |
| Completion Date | July 17, 2026 |
Target Entity Financial Performance
The following table outlines the audited turnover of Mates Visa Consultancy Private Limited for the preceding fiscal years:| Fiscal Year | Turnover (INR in crores) |
|---|---|
| FY 2023-24 | 0.28 |
| FY 2024-25 | 0.29 |
| FY 2025-26 | 0.31 |
ANURAS Stock Price Movement
Anupam Rasayan India Limited shares slipped by 0.16% on Friday to settle at ₹1,267.50. The stock saw a trading volume of 123,952 shares as the price retreated from its previous close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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