Deepak Mining Solutions Limited (DMSL), a subsidiary of Deepak Fertilisers, has increased its shareholding in Platinum Blasting Services Pty Ltd (PBSPL) to 100%. This acquisition involved purchasing existing shares for 10,699,325 AUD (approximately INR 62,80,23,629). The move aligns with the company’s strategy to expand its mining solutions business and consolidate its position in the Australian market. The transaction was based on a valuation report from a Big Four accounting firm.
Expanded Mining Solutions Strategy
Deepak Mining Solutions Limited (DMSL), a wholly owned subsidiary of Deepak Fertilisers, has further enhanced its position in the mining solutions sector. The company has increased its stake in its Australian subsidiary, Platinum Blasting Services Pty Ltd (PBSPL), to 100%.
Details of the Acquisition
DMSL increased its shareholding in PBSPL from 85% to 100% by acquiring the remaining shares from existing shareholders. The total consideration for this acquisition amounted to 10,699,325 AUD, which is equivalent to INR 62,80,23,629.
Strategic Rationale
This move is in line with Deepak Fertilisers’ broader strategy to shift towards holistic mining solutions. DMSL, which specializes in manufacturing mining chemicals and providing mining solutions, will benefit from complete ownership of PBSPL. PBSPL is a step down subsidiary of Deepak Fertilisers.
Valuation and Due Diligence
The valuation for this transaction was similar to previous transactions and was based on a valuation guidance report from a leading accounting firm in Australia. This ensures that the acquisition was conducted at a fair and reasonable price.
Previous Stake Increase
Previously, DMSL had increased its stake in PBSPL from 65% to 85%. The current transaction now gives DMSL full control over PBSPL.
Approval and Effective Date
The company received confirmation from PBSPL regarding the approval of the transfer of shares on November 5th, 2025, at 10:52 a.m.
Source: BSE
