Acquisitions4 Feb 2026, 03:34 pm
Hind Aluminium Industries Ltd. to Acquire Aluminium Business of Nirav Commercials Ltd. for Rs. 1.25 Crores
AI Summary
Hind Aluminium Industries Ltd. has approved the proposal to acquire the aluminium business of Nirav Commercials Ltd. under the brand name ‘Elesar Focchi’ for a cash consideration of Rs. 1.25 Crores. The Target Business is primarily engaged in the manufacture and sale of aluminium grills, doors, and windows. The acquisition is expected to be completed by March 31, 2026, and is in line with Hind Aluminium's growth strategy. The Target Business had a turnover of Rs. 9,72,64,000 in the Financial Year ended on March 31, 2025.
Key Highlights
- Hind Aluminium Industries Ltd. to acquire the aluminium business of Nirav Commercials Ltd.
- Acquisition for a cash consideration of Rs. 1.25 Crores.
- Target Business primarily engaged in manufacture and sale of aluminium grills, doors, and windows.
- Expected completion date of the acquisition: March 31, 2026.
- Acquisition in line with Hind Aluminium's growth strategy.