RHI Magnesita India Limited Announces Incorporation of Joint Venture Entity
RHI Magnesita India Limited has confirmed the successful incorporation of a new private limited company, RHIM KHEMKA MINPRO PRIVATE LIMITED. The entity was officially incorporated on July 16, 2026, in India.The newly formed company is established as a joint venture and will operate within the refractories industry. Its primary business scope includes bundling industrial minerals and conducting refractory recycling activities.
RHI Magnesita India Limited maintains full ownership of the entity at the time of incorporation. The company holds 100% of the shares, with plans for Khemka to subscribe to a 49% shareholding in a subsequent step.
The financial details regarding the initial subscription are as follows:
| Particulars | Details |
|---|---|
| Name of the entity | RHIM KHEMKA MINPRO PRIVATE LIMITED |
| Date of Incorporation | July 16, 2026 |
| Country of Incorporation | India |
| Holding Company | RHI Magnesita India Limited |
| Industry | Refractories |
| Nature of Consideration | Cash Subscription |
| Number of Shares Subscribed | 10,000 Equity Shares |
| Face Value per Share | Re 1/- each |
| Initial Shareholding | 100% by RHI Magnesita India Limited |
RHIM Stock Price Movement
RHI MAGNESITA INDIA LIMITED shares edged higher on Thursday to settle at ₹406.25, marking a 0.06% gain. The stock saw steady activity with a volume of 1.24 million shares traded during the session.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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