Mumbai, Feb. 18 -- This move aligns with DMSL's strategy to transition from a commodity-based business to offering holistic mining solutions. DMSL, which manufactures mining chemicals and provides comprehensive solutions across the entire value chain of mining operations, has acquired additional shares from other existing shareholders of Platinum Blasting Services Pty, a step-down subsidiary of the company. The total consideration for this transaction amounted to 11.78 million AUD, approximately Rs 64.10 crore.

The enhancement of shareholding by DMSL in its dividend-paying subsidiary has been consummated based on a valuation guidance report from one of the Big Four accounting firms in Australia, based on earnings multiple.

The company c...