Mumbai, Sept. 9 -- Equinaire Holdings Limited (EHL) is a wholly-owned subsidiary of Kiri Industries.

The acquisition was executed through the enforcement of security rights under an Omnibus Loan and Security Agreement (OLSA). This followed unresolved events of default by the borrower. EHL had previously acquired rights under this agreement from Maharlika Investment Corporation.

Makilala Mining Company is based in the Philippines. The company is currently pre-revenue and has not yet commenced mining operations. MMCI is developing the Maalinao-Caigutan-Biyog (MCB) copper-gold project in Kalinga, Philippines. This project is governed by a Mineral Production Sharing Agreement.

This acquisition aligns with Kiri Industries' strategic integra...