Felix’s Subsidiary, Felix Prime Metals, Acquires Tierra Fertilizer for Metals Recycling Expansion
Felix Industries Limited's subsidiary, Felix Prime Metals Private Limited, has entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Tierra Fertilizer Private Limited. The acquisition, finalized via an agreement dated May 15, 2026, aims to bolster the subsidiary's capabilities in metals recycling and recovery.The purchase of Tierra Fertilizer Private Limited provides Felix Prime Metals with immediate access to a ready-to-operate manufacturing facility. This facility is crucial for the recycling and recovery of metals from both hazardous and non-hazardous waste, thereby supporting the group’s planned operational and business expansion in the segment.
Tierra Fertilizer Private Limited, which was incorporated on September 19, 2020, specializes in the processing of hazardous and non-hazardous waste containing metal ions. The company's existing operations involve the production of metals in the form of ingots, as well as various metal compounds, including sulphates and chlorides.
The integration of Tierra Fertilizer’s established infrastructure is expected to improve operational efficiency and reduce the time and cost required for setting up new manufacturing processes for Felix Prime Metals Private Limited. This acquisition strengthens the overall manufacturing capabilities of the subsidiary in the metals recycling and allied processing sector.
The total consideration for the acquisition stands at INR 12,00,00,000/-. This sum is structured in a manner that includes the subscription of equity shares and the repayment of existing liabilities, ensuring complete ownership.
The transaction details are outlined below:
| Parameter | Details |
|---|---|
| Target Entity | Tierra Fertilizer Private Limited |
| Target Capital Structure | Authorized Capital: Rs. 2,00,00,000/-; Paid up Capital: Rs. 2,00,00,000/- |
| Acquiring Entity | Felix Prime Metals Private Limited (Subsidiary of Felix Industries Limited) |
| Consideration Amount | INR 12,00,00,000/- (Total) |
| Share Component | 20,00,000 equity shares at face value, valued at INR 2,00,00,000/- |
| Ownership Acquired | 100% equity share capital of Tierra Fertilizer Private Limited |
| Business Sector | Processing of hazardous and non-hazardous waste |
| Timeline | Indicative completion period of 30 days |
Following the acquisition, Tierra Fertilizer Private Limited will become a Wholly Owned Subsidiary of Felix Prime Metals Private Limited, which is subsequently a step-down Subsidiary of Felix Industries Limited.
FELIX Stock Price Movement
Shares of Felix Industries Limited today slipped by 1.44% to settle at ₹205.5. The equity traded on a volume of 11,500 shares, finishing the session near its intraday low of ₹205.2.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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