Maximus International to Acquire 40% Strategic Stake in Quebec Petroleum Resources Limited
Jun 24, 2026
Vadodara (Gujarat) [India], June 24: Maximus International Limited (BSE: 540401), a manufacturer and distributer of automotive, industrial, and speciality lubricants, announced that its Board of Directors has approved a proposal to acquire a 40% equity stake in Quebec Petroleum Resources Limited ("Quebec"), a Vadodara-based company engaged in the manufacturing of lubricants and the distribution of petroleum products. The transaction values the stake at Rs. 18.43 crore, to be settled through cash consideration, and represents the Company's first major step into India's domestic lubricant market.
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