Kundan Minerals and Metals Limited Acquires 80% Stake in Colombian Entity
Kundan Minerals and Metals Limited has announced a significant strategic acquisition through its foreign subsidiary, Kundan Ventures FZCO. The company has entered into a Share Purchase Agreement (SPA) to acquire an 80% stake in Compania Minera EL Desquite De Colombia S.A.S.The acquisition was finalized via an SPA executed on April 7, 2026. The transaction involves Kundan Ventures FZCO purchasing the stake from Carlos Hector Carabali Zapata (Seller-1) and Miguel Antonio Carabli (Seller-2). The sellers have no reported relation with the listed entity.
Upon the completion of this proposed transaction, Compania Minera EL Desquite De Colombia S.A.S. is expected to become a Step down Subsidiary of Kundan Minerals and Metals Limited.
Transaction Details
Kundan Ventures FZCO has agreed to pay a total consideration of USD 1,100,000 to Seller 1 and Seller 2.The key financial and structural details of the acquisition are summarized below:
| Parameter | Details |
|---|---|
| Acquiring Entity | Kundan Ventures FZCO (Foreign Subsidiary) |
| Target Entity | Compania Minera EL Desquite De Colombia S.A.S. |
| Stake Acquired | 80% |
| Agreement Date | April 7, 2026 |
| Total Consideration | USD 1,100,000 |
| Sellers | Carlos Hector Carabali Zapata & Miguel Antonio Carabli |
The acquisition solidifies the Company’s holdings in the Colombian mining subsidiary, positioning it within the corporate structure as a Step down Subsidiary. The transaction is not related party in nature.
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