Deepak Nitrite Limited (BSE:506401) agreed to acquire OXOC Chemicals Limited for INR 0.1 million on May 20, 2024. The consideration consists of INR 0.1 million in cash. As part of the consideration, INR 0.1 million was paid towards common equity consisting of 0.01 million shares.

The board of directors of Deepak Nitrite Limited approved the deal. The acquisition shall be completed by July 31, 2024.