Acquisitions24 Apr 2024, 03:57 pm
HIL Limited Acquires 100% Equity Share Capital of Crestia Polytech and Four Group Entities for INR 158.44 Crore
AI Summary
HIL Limited (HIL) has announced the acquisition of 100% equity share capital of Crestia Polytech Private Limited and four other group entities. The all-cash consideration for Crestia was INR 158.44 crore. Aditya Industries' acquisition is still pending due to the conversion of the business into a private limited company. More details are available on HIL's website.
Key Highlights
- HIL acquired 100% equity share capital of Crestia Polytech Private Limited and four group entities
- The consideration for Crestia acquisition was INR 158.44 crore
- Completion of Aditya Industries acquisition is still pending