Maximus International Acquires 40% Stake in Quebec Petroleum for ₹18.43 Crore

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AuthorAarav Shah|Published at:
Maximus International Acquires 40% Stake in Quebec Petroleum for ₹18.43 Crore

Maximus International will acquire a 40% stake in Quebec Petroleum Resources for ₹18.43 crore. This move aims to expand its lubricants manufacturing and distribution business.

Maximus International Acquires 40% Stake in Quebec Petroleum for ₹18.43 Crore

Maximus International will acquire a 40% stake in Quebec Petroleum Resources Limited for ₹18.43 crore.

Reader Takeaway: Strategic expansion in lubricants business; monitor related party transaction fairness.

What just happened

Maximus International has approved the purchase of a 40% equity stake in Quebec Petroleum Resources Limited. The acquisition cost is ₹18.43 crore.

Quebec Petroleum, based in Vadodara and established in 2005, is involved in manufacturing and marketing oils and lubricants for automotive, industrial, and specialty segments.

Why this matters

This move is expected to strengthen Maximus International's footprint in the Indian domestic lubricants and petroleum distribution market. The strategic objective is to consolidate operations in a similar business line for long-term value creation.

The backstory

Quebec Petroleum Resources Limited has reported turnover of ₹249.20 crore in FY23, ₹246.59 crore in FY24, and ₹184.73 crore for the current financial year 2024-25.

What changes now

Maximus International expands its presence in the lubricants sector through this acquisition. The company aims to drive value by integrating Quebec Petroleum's operations.

Risks to watch

The acquisition is classified as a Related Party Transaction. Mr. Anir وتش Gandhi, a Non-Executive, Non-Independent Director and substantial beneficial owner of Maximus International, holds a 40% stake in Quebec Petroleum. Investors must evaluate the valuation fairness and specific conditions in the Share Purchase Agreement (SPA) to ensure an arm's length transaction.

Peer comparison

(No verified peer comparison available in the filing)

Context metrics (time-bound)

Quebec Petroleum Resources Limited's turnover was ₹249.20 crore in FY23, ₹246.59 crore in FY24, and ₹184.73 crore in FY25.

What to track next

Investors should monitor the integration progress of Quebec Petroleum into Maximus International and any further disclosures regarding the SPA conditions and governance aspects.

Disclaimer:This article is published for informational purposes only. While reasonable efforts are made to ensure accuracy, completeness, and timeliness, readers are encouraged to independently verify information before making any decisions based on the content. The views and information presented are subject to editorial review and may be updated without notice.