Dhoot Transmission Invests ₹210.25 Cr in Subsidiaries
Dhoot Transmission Ltd has acquired equity shares in its step-down subsidiaries, Dhoot Automotive Systems Private Limited (DASPL) and Dhoot Autocomponents Private Limited (DACPL), for an aggregate consideration of ₹210.25 crores. The investment aims to utilize internal accruals for repayment of outstanding borrowings and fuel business growth and expansion. DASPL, incorporated in 2020, had a turnover of ₹745.72 crores in FY26. DACPL, incorporated in 2022, had a turnover of ₹682.81 crores in FY26. Both entities are in the automotive components industry and are considered related parties, with the transactions conducted at arm's length. The acquisition increases Dhoot Transmission's stake in DASPL to 42.98% and in DACPL to 9.99%.
Key Highlights
- Dhoot Transmission invested ₹210.25 Cr in two step-down subsidiaries.
- Investment aims to repay debt and fund business expansion.
- Stake in DASPL increased to 42.98%, DACPL to 9.99%.
- Both subsidiaries operate in the automotive components sector.
- Transactions were conducted at arm's length.
Price Impact
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