CIE Automotive India has acquired an additional 69,40,000 equity shares of its wholly-owned subsidiary, CIE Hosur Limited, for a total consideration of INR 120,75,60,000. This rights issue acquisition reinforces the company’s 100% beneficial shareholding in CIE Hosur. The funds raised by CIE Hosur will be utilized for repaying intercorporate loans, capital expenditure, and general corporate purposes.
Further Investment in CIE Hosur Limited
CIE Automotive India announced today, September 4, 2026, that it has further invested in its wholly-owned subsidiary, CIE Hosur Limited. The company acquired 69,40,000 fully paid-up Equity shares, each with a face value of Rs. 10, on a rights basis. This significant transaction amounted to a total consideration of INR 120,75,60,000 (Rupees One hundred twenty crore seventy-five lakh sixty thousand).
Maintaining 100% Ownership
Following this acquisition, CIE Hosur Limited continues to be a wholly-owned subsidiary of CIE Automotive India, with the company beneficially holding 100% shareholding. The acquisition price per share, including premium, was stated as INR 174/-.
Subsidiary’s Funding Allocation
The funds raised by CIE Hosur Limited through this rights issue are earmarked for several key purposes. These include the repayment of intercorporate loans, funding of capital expenditure, and general corporate purposes, supporting the subsidiary’s operational and financial growth.
Details of CIE Hosur Limited
CIE Hosur Limited was incorporated on August 6, 2021, under the Companies Act, 2013. It is registered at Plot No.60, SIPCOT Industrial Complex, Phase 1, Mookandapalli Village, Hosur, Tamil Nadu. The company’s turnover for the year ended 2025 was INR 1,751.95 Million.
Source: BSE
