Maximus International Ltd Executes Share Purchase Agreement for 40% Stake in Quebec Petroleum Resources Limited
Maximus International Limited has executed a Share Purchase Agreement relating to the acquisition of a significant stake in M/s. Quebec Petroleum Resources Limited, a company involved in lubricants manufacturing and petroleum products distribution. The agreement was finalized on June 23, 2026.Quebec Petroleum Resources Limited is a Vadodara based firm that has been operating in the Indian market for over twenty years. Maximus International Limited secured the purchase of a 40% equity stake in the company through this transaction.
The Share Purchase Agreement involves two parties: Maximus International Limited and Mr. Aniruddh Gandhi. The acquisition was undertaken on an arm's length basis, confirming standard commercial terms between the involved entities.
Details regarding the relationship and role of the counterparties are summarized below:
| Particular | Details |
|---|---|
| Acquiring Party | Maximus International Limited |
| Counterparty | Mr. Aniruddh Gandhi |
| Purpose | To acquire 40% Equity Shares in M/s. Quebec Petroleum Resources Limited, Vadodara. |
| Relationship Status | Mr. Aniruddh Gandhi is a related party to Maximus International Limited, serving as a Non-Executive and Non-Independent Director and Substantial Beneficial Owner. |
The transaction focuses solely on the acquisition of equity shares in Quebec Petroleum Resources Limited by Maximus International Limited from the designated shareholder.
Stock Price Movement
As of 12:36, Maximus International Ltd is edging higher at ₹12.34, climbing 1.73% in today's trading session. The shares have seen movement within the intraday range, bounded by a low of ₹12.01 and a high of ₹12.44.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.