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RHI Magnesita India forms joint venture with Khemka, transferring land in Odisha
03-Aug-2026, 10:00
RHI Magnesita India Limited announced that its board of directors approved the allotment of 9,607 equity shares to Khemka on a preferential basis for Rs 1,91,17,930, comprised of the transfer of approximately 12.87 acres of land in Odisha, resulting in RHIM Khemka MINPRO Private Limited becoming a joint venture company with RHI Magnesita India Limited holding 51% and Khemka holding 49% of the equity share capital, effective August 3, 2026.
RHI Magnesita India Limited announced that its board of directors approved the allotment of 9,607 equity shares to Khemka on a preferential basis for Rs 1,91,17,930, comprised of the transfer of approximately 12.87 acres of land in Odisha, resulting in RHIM Khemka MINPRO Private Limited becoming a joint venture company with RHI Magnesita India Limited holding 51% and Khemka holding 49% of the equity share capital, effective August 3, 2026.