Deep Diamond India Reports Q1 Results, Appoints New Company Secretary Aug 13, 2025
NCLT Approves Deep Diamond's ₹43.15 Crore Acquisition of Oasis Ceramics Mar 27, 2025
More news about Deep Diamond
26Mar 25
NCLT Approves Deep Diamond's ₹43.15 Crore Acquisition of Oasis Ceramics
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, unanimously supported by creditors, outlines settlements for various stakeholders, including secured and unsecured creditors. Deep Diamond commits to implementing the plan within six months, with a monitoring committee overseeing the process. The acquisition marks a diversification move for Deep Diamond, recently focused on pharmaceuticals, and showcases the effectiveness of India's Insolvency and Bankruptcy Code in corporate restructuring.