India's Asian Energy Services gains after Oilmax Energy moves towards graphite block licence
08/09/2026 08:18
BUZZ-India's Asian Energy Services gains after Oilmax Energy moves towards graphite block licence ** Shares of Asian Energy Services ASIE.NS rise 10.2% to 563.85 rupees
** Oilmax Energy receives letter of intent for a composite licence from state government of Arunachal Pradesh for Pakro vanadium and graphite block spread over 155.46 hectares
** National Company Law Tribunal order for scheme of merger of Oilmax Energy into ASIE is presently reserved
** All assets, contracts, licences and blocks of Oilmax Energy shall vest in ASIE upon merger becoming effective
** Trading volumes 1.4x the 30-day average at 953,965 shares so far
** YTD, ASIE has nearly doubled
(Reporting by Vijay Malkar)
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