Investment4 Sept 2026, 04:50 pm
CIE Automotive India Invests ₹120.75 Cr in Subsidiary CIE Hosur
AI Summary
CIE Automotive India Ltd has announced a further investment of INR 120,75,60,000 (approximately ₹120.75 crore) in its wholly-owned subsidiary, CIE Hosur Limited. The investment was made through the acquisition of 69,40,000 equity shares on a rights basis. This infusion of capital will support CIE Hosur's repayment of intercorporate loans, capital expenditure, and general corporate needs. CIE Hosur continues to be a wholly-owned subsidiary, operating in the automotive industry. The acquisition is complete and was a cash consideration.
Key Highlights
- CIE Automotive India invested ₹120.75 crore in its subsidiary.
- Acquisition of 69,40,000 equity shares in CIE Hosur Limited.
- Funds to be used for loan repayment, capex, and general purposes.
- CIE Hosur remains a wholly-owned subsidiary.
- Investment made via cash consideration on a rights basis.
Price Impact
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