Acquisitions24 Oct 2025, 07:41 pm
Hindalco Industries Ltd to Acquire 100% Stake in EMIL Mines and Mineral Resources Limited
AI Summary
Hindalco Industries Ltd has entered into a Share Purchase Agreement (SPA) with EMIL and EMMRL for the acquisition of 100% shareholding of EMMRL. The acquisition will be completed on or before November 30, 2025, subject to satisfactory completion of conditions precedent under the SPA. Upon completion, EMMRL will become a wholly owned subsidiary of the Company. The transaction is in line with the Listing Regulations, SEBI Master Circular, and other applicable laws.
Key Highlights
- Hindalco Industries Ltd to acquire 100% stake in EMIL Mines and Mineral Resources Limited
- Acquisition will be completed on or before November 30, 2025
- EMMRL will become a wholly owned subsidiary of Hindalco Industries Ltd upon completion
- Transaction is in line with the Listing Regulations, SEBI Master Circular, and other applicable laws
- Completion of the acquisition is subject to satisfactory completion of conditions precedent under the SPA