Hindalco Industries has provided a third update on the proposed acquisition of AluChem Companies, Inc. by its subsidiary, Aditya Holdings LLC. The review process by the Committee on Foreign Investment in the United States (CFIUS) has been temporarily halted. This delay is a direct result of the partial shutdown of the U.S. federal government, which has tolled the statutory review timelines. Consequently, the CFIUS review and the related transaction remain temporarily paused until the shutdown concludes, with no new definitive timeline available.
Update on AluChem Acquisition Status
Hindalco Industries Limited has issued a third update regarding the planned acquisition of AluChem Companies, Inc. through its step-down wholly owned subsidiary, Aditya Holdings LLC. This communication confirms previous intimations concerning the necessary filings made with the Committee on Foreign Investment in the United States (CFIUS).
Impact of U.S. Government Shutdown
The primary development reported is that the ongoing statutory review process under the CFIUS framework has been impacted. Specifically, the partial shutdown of the U.S. federal government has resulted in the tolling (suspension) of the statutory review timelines. As a direct consequence, the CFIUS review and the overall transaction related to the acquisition remain temporarily halted.
Outlook and Next Steps
At present, the company notes that no definitive timeline is available for the conclusion of the government shutdown. Hindalco has assured stakeholders that they will furnish further updates immediately as material developments occur or once the review process is completed. All other supporting details pertaining to the transaction, as previously disclosed in the letter dated June 24, 2025, remain unchanged.
Source: BSE
