Samvardhana Motherson International Expects Completion of HR Dhauliganga Private Limited Acquisition in Q1 FY27
Samvardhana Motherson International Limited (SAMIL) announced a revised timeline for the acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL). The transaction, initially expected to close in Q4 FY26, is now anticipated to be completed during Q1 FY27.The acquisition follows Power Delivery Agreements executed by SAMIL and its subsidiaries with HRDPL, a special purpose vehicle established by Hinduja Renewables Energy Private Limited. The move aligns with regulatory requirements for captive power generation and consumption under Electricity Laws.
The completion of the transaction remains subject to ongoing condition precedents.
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