Acquisitions26 Sept 2025, 06:11 pm
Samvardhana Motherson International's Acquisition of 28.15% Stake in HR Dhauliganga Private Limited Delayed to Q3 FY26
AI Summary
Samvardhana Motherson International Limited has updated the stock exchange regarding the acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL). The acquisition was initially expected to close in Q2 FY26, but due to ongoing completion of condition precedents, the transaction is now likely to be completed during the Third (3) quarter of Financial Year 2025-26. HRDPL is a special purpose vehicle setup by Hinduja Renewables Energy Private Limited. This update comes after the Company's earlier disclosure on June 19, 2025, regarding the execution of Power Delivery Agreements with HRDPL by the Company and its subsidiaries.
Key Highlights
- Samvardhana Motherson International Limited is acquiring a 28.15% stake in HR Dhauliganga Private Limited.
- The acquisition was initially expected to close in Q2 FY26 but is now likely to be completed in Q3 FY26.
- HR Dhauliganga Private Limited is a special purpose vehicle setup by Hinduja Renewables Energy Private Limited.
- The acquisition is in compliance with regulatory requirements for captive power generation and consumption under Electricity Laws.
- The update is submitted pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.