Acquisitions25 Mar 2026, 12:34 pm
Maruti Interior Products Ltd Completes $2011000 Acquisition of HA & DL Holdings Pte. Ltd
AI Summary
Maruti Interior Products Ltd has completed the acquisition of HA & DL Holdings Pte. Ltd, a company engaged in the production and export of stainless steel and recycled metal products. The acquisition, which does not fall under related party transactions, was made for a cash consideration of $2011000, representing 100% shareholding. Vina Metal Recycling Co. Limited, a wholly owned subsidiary of HA & DL Holdings Pte. Ltd, holds a BIS license for exporting stainless steel products to India, which is expected to significantly contribute to Maruti Interior Products Ltd's topline and bottomline.
Key Highlights
- Maruti Interior Products Ltd completes acquisition of HA & DL Holdings Pte. Ltd
- Acquisition consideration: $2011000 for 100% shareholding
- Target company engaged in production and export of stainless steel and recycled metal products
- Acquisition expected to contribute significantly to Maruti Interior Products Ltd's topline and bottomline
- Vina Metal Recycling Co. Limited, a subsidiary of HA & DL Holdings Pte. Ltd, holds BIS license for exporting stainless steel products to India