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Kundan Minerals & Metals Withdraws Foreign Entity Acquisition Due to Technical Issues
Kundan Minerals and Metals Limited
January 9, 2026, 11:54 AM
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Kundan Minerals & Metals Limited has announced the withdrawal of the proposed acquisition of a foreign entity by its wholly owned subsidiary, Kundan Concentrates Private Limited (KCPL). This decision follows an earlier intimation dated 18.09.2025. The acquisition could not be completed due to technical issues encountered in the transfer of shares to KCPL.
Consequently, the entire proposed acquisition transaction has been cancelled. KCPL is currently in the process of claiming a refund related to this transaction. The company has requested that this information be taken on record by the stock exchanges.
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