Belrise Industries Limited announced today the approval of its Board of Directors for the acquisition of the India Tipper body business from Hyva (India) Pvt. Ltd. The transaction, structured as a slump sale, is valued at USD 5.65 million (approximately INR 543.88 million). This strategic move aims to expand the company’s presence in the commercial vehicle segment and diversify its product portfolio.
Strategic Business Acquisition Approved
Belrise Industries Limited has received the green light from its Board of Directors for a significant strategic acquisition. The company will acquire the India Tipper body business of Hyva (India) Pvt. Ltd., a subsidiary of JOST Werke SE. This move is set to bolster Belrise Industries’ footprint in the commercial vehicle market and broaden its product offerings.
Key Deal Details
The acquisition will be conducted on a slump sale basis, with a total consideration of USD 5.65 million. This equates to approximately INR 543.88 million, marking a substantial investment for Belrise Industries. The Business Transfer Agreement (BTA) was finalized on August 4, 2026.
Strategic Rationale
The acquisition is strategically aligned with Belrise Industries’ objective to expand its presence within the commercial vehicle segment. Furthermore, it aims to diversify the company’s product portfolio into structural and load-bearing applications, leveraging potential synergies in fabrication, engineering, procurement, and manufacturing capabilities. The board meeting to approve this transaction commenced at 10:45 AM and concluded at 11:02 AM on the same day.
Disclosure Compliance
This disclosure is made in accordance with Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Further details as prescribed under SEBI Listing Regulations and relevant circulars are annexed. The announcement is also available on the company’s website under the ‘Investor Relations’ tab.
Source: BSE
