Oriental Trimex Limited Acquires 51 Percent Stake in Jaydev Granites
Oriental Trimex Limited has announced the acquisition of a 51 percent stake in Jaydev Granites, a partnership firm incorporated on July 16, 2026. This strategic move is intended to diversify the company's business portfolio into the granite and marble mining and extraction sectors.The newly acquired entity, Jaydev Granites, is based in Odisha, India. As of the current date, the firm has not yet commenced its business operations. The acquisition allows Oriental Trimex Limited to expand into the manufacturing and trading of various types of granites and marbles, along with other related activities.
The transaction involves an initial subscription amount infused in the form of cash. The capital contribution for the 51 percent stake is valued at Rs. 51,000.
The following table provides a detailed overview of the acquisition:
| Detail Category | Information |
|---|---|
| Target Entity Name | JAYDEV GRANITES |
| Total Capital | Rs. 1,00,000/- (Rupees One Lakh Only) |
| Current Turnover | Nil (yet to commence business operations) |
| Industry Sector | Manufacturing and trading of all types of granites, marbles, etc. |
| Purpose of Acquisition | To diversify into granite and marble mining and extraction business |
| Nature of Consideration | Cash |
| Cost of Acquisition | 51,000 Capital Contribution |
| Percentage Acquired | 51% |
| Date of Incorporation | July 16, 2026 |
| Location of Entity | Odisha, India |
ORIENTALTL Stock Price Movement
Oriental Trimex Limited shares edged higher to close at ₹5.57 today, gaining 1.46%. The stock settled with a total traded volume of 78,024 shares.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.