Deep Diamond India
4.52
-0.02(-0.44%)
Market Cap₹14.50 Cr
PE Ratio16.81
Company Performance:
1D-0.44%
1M-4.03%
6M-34.68%
1Y-24.54%
5Y+307.21%
View Company Insightsright
Latest news about Deep Diamond India
NCLT Approves Deep Diamond's ₹43.15 Crore Acquisition of Oasis Ceramics Mar 27, 2025
The National Company Law Tribunal (NCLT) has approved Deep Diamond India Limited's resolution plan to acquire Oasis Ceramics Private Limited for ₹431.5 million. The plan includes a ₹3,200 lakh settlement for financial creditors, with ₹2,600 lakhs allocated to direct financiers. Operational creditors will receive 1% of their dues, while statutory creditors get 0.50% of outstanding claims. The implementation will be overseen by a monitoring committee over a 6-month period. Existing Oasis Ceramics shareholders will see their equity largely extinguished, with Deep Diamond acquiring 100% of the restructured company's equity.
NCLT Approves Deep Diamond's ₹43.15 Crore Acquisition of Oasis Ceramics Mar 26, 2025