# Adarsh Mercantile to acquire minority stake in Sai Machine Tools for INR 270M

Adarsh Mercantile Limited has agreed to acquire an unknown minority stake in Sai Machine Tools Pvt. Ltd from its shareholders for approximately INR 270 million, to be paid in shares.

- Type: Acquisition
- Announced: 2025-02-05
- Where: India
- Value: $3.24M (270.0M INR)
- Status: announced
- Products: machine tools
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Adarsh Mercantile Limited](https://endata.com/companies/82765.md) (acquirer)
- [Sai Machine Tools Pvt. Ltd](https://endata.com/companies/82766.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/SMT-ENGINEERING-LIMITED-46731110/news/Adarsh-Mercantile-Limited-agreed-to-acquire-an-unknown-minority-stake-in-Sai-Machine-Tools-Pvt-Ltd-48991124/), 2025-02-05: "Adarsh Mercantile Limited agreed to acquire an unknown minority stake in Sai Machine Tools Pvt. Ltd from Ajay Jaiswal, Vishal Jaiswal, Ashok Jaiswal, Poonam Jaiswal, Niharika Jaiswal, and Shikha Jaiswal for approximately INR 270 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.