Samvardhana Motherson International Expects Completion of HR Dhauliganga Stake Acquisition in Q1 FY27
Samvardhana Motherson International Limited (SAMIL) has revised the timeline for the acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL), a special purpose vehicle established by Hinduja Renewables Energy Private Limited. The completion of the transaction is now anticipated during Q1 FY27.The update follows disclosures made by SAMIL on June 19, 2025, September 26, 2025, and December 25, 2025, concerning the execution of Power Delivery Agreements with HRDPL by SAMIL and its subsidiaries. The acquisition is intended to facilitate captive power generation and consumption in compliance with Electricity Laws. The expected closing was previously estimated for Q4 FY26, but the ongoing completion of condition precedents has prompted the revised timeline.
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: