Hindalco Industries has entered a Share Purchase Agreement to acquire 100% equity stake in EMIL Mines and Mineral Resources Limited (EMMRL), a wholly-owned subsidiary of Essel Mining & Industries Limited (EMIL). The acquisition, related to an intimation from October 24, 2025, is expected to be completed by November 30, 2025, subject to certain conditions.
Acquisition Overview
Hindalco Industries has announced an agreement to acquire 100% equity in EMIL Mines and Mineral Resources Limited (EMMRL). EMMRL is currently a wholly-owned subsidiary of Essel Mining & Industries Limited (EMIL). This agreement was formalized as a Share Purchase Agreement (SPA) on October 24, 2025.
Transaction Details
The acquisition is subject to customary conditions precedent as outlined in the SPA. Upon completion of these conditions, EMMRL will become a wholly-owned subsidiary of Hindalco Industries. The company has officially shared the information in their announcement, dated October 24, 2025. The official intimation was for acquisition of 100% shareholding of EMMRL.
Expected Completion
The company anticipates the acquisition to be completed on or before November 30, 2025, pending the satisfaction of the conditions outlined in the Share Purchase Agreement. This acquisition aligns with Hindalco’s strategic growth initiatives.
Source: BSE
