Acquisitions25 Dec 2025, 10:01 pm
Samvardhana Motherson International's Acquisition of 28.15% Stake in HR Dhauliganga Private Limited Delayed to Q4 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 Q3 FY26, following the execution of Power Delivery Agreements with HRDPL by SAMIL and its subsidiaries. However, due to ongoing completion of condition precedents, the transaction is now likely to be completed in Q4 FY26. HRDPL is a special purpose vehicle setup by Hinduja Renewables Energy Private Limited.
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 Q3 FY26 but is now likely to be completed in Q4 FY26
- The acquisition is in compliance with regulatory requirements for captive power generation and consumption under Electricity Laws
- HR Dhauliganga Private Limited is a special purpose vehicle setup by Hinduja Renewables Energy Private Limited
- The acquisition is subject to ongoing completion of condition precedents