Acquisitions4 Feb 2026, 11:44 am
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 acquisition of 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.
Key Highlights
- Hind Aluminium Industries Ltd. to acquire the Aluminium business of Nirav Commercials Ltd. for Rs. 1.25 Crores.
- The Target Business is primarily engaged in the manufacture and sale of aluminium grills, doors, and windows under the brand name ‘Elesar Focchi’.
- The acquisition is expected to be completed by March 31, 2026.
- The acquisition is in line with Hind Aluminium's growth strategy.
- The Target Business had a turnover of Rs. 9,72,64,000 for the Financial Year ended on March 31, 2025.