Neomile bought 864,082 shares of Gandhar Oil Refinery (India) Limited for ₹19.42 Cr at ₹224.80 apiece in a bulk deal.
A leading manufacturer of white oils, Gandhar Oil Limited serves the consumer and healthcare industries with specialized lubricant products. Incorporated in 1992, the company focuses on producing high-quality white oils tailored for pharmaceutical, cosmetic, and industrial applications. Its deep expertise in manufacturing white oils for niche segments and commitment to quality make it a distinctive player in India's lubricants sector.
Neomile Growth Fund is a Mumbai-based Category III alternative investment fund managed by NeoMile Capital, investing in a concentrated portfolio of small and mid-cap listed Indian companies.