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Acquisitions29 Jun 2026, 05:30 pm

Samvardhana Motherson delays HRDPL stake acquisition to Q4 FY27

AI Summary

Samvardhana Motherson International Limited (SAMIL) has provided an update on its proposed acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL). This acquisition is part of SAMIL's strategy to comply with regulatory requirements for captive power generation. The transaction, which was previously expected to close by Q1 FY27, has been postponed to Q4 FY27 due to ongoing completion of conditions precedent. HRDPL is a special purpose vehicle established by Hinduja Renewables Energy Private Limited. This update is submitted in accordance with SEBI regulations.

Key Highlights

  • SAMIL's acquisition of 28.15% stake in HRDPL is delayed.
  • Expected completion now shifted from Q1 FY27 to Q4 FY27.
  • Acquisition aims to comply with captive power generation regulations.
  • HRDPL is a SPV of Hinduja Renewables Energy.