Maximus International Ltd

Maximus International Ltd

Maximus International Ltd announced its Board approved acquiring a 40% equity stake in Quebec Petroleum Resources Limited for Rs. 18.43 crore in cash. Quebec is a Vadodara-based manufacturer and distributor of lubricants and petroleum products, reporting Rs. 184.73 crore turnover in FY25. This strategic acquisition marks Maximus International's entry into India's domestic lubricant market, providing an established manufacturing base, diversified product portfolio, and distribution network to complement its existing Middle East and Africa export operations, aiming for long-term value creation.

Maximus International Ltd

Maximus International Ltd has executed a Share Purchase Agreement to acquire a 40% equity stake in Quebec Petroleum Resources Limited, a Vadodara-based company with over 20 years of presence in lubricants manufacturing and petroleum products distribution. The acquisition aims to enhance Maximus's market position and product portfolio. The transaction involves Mr. Aniruddh Gandhi, a director and substantial beneficial owner of Maximus, making it a related party transaction, though it is stated to be undertaken on an arm's length basis.