Hindalco Industries provided a second update regarding the U.S. Committee on Foreign Investment (CFIUS) review for the proposed acquisition of AluChem Companies, Inc. Previous U.S. federal government shutdowns have extended the mandatory review period. Currently, the initial 90 days of the statutory 105-day timeline are scheduled to conclude on February 26, 2026. The final transaction closing is contingent upon receiving CFIUS approval.
Update on U.S. Acquisition Timeline
Hindalco Industries Limited issued a second update concerning the acquisition of AluChem Companies, Inc. by its step-down subsidiary, Aditya Holdings LLC. This follows earlier disclosures concerning the filing of ‘short-form’ and ‘long-form’ declarations with the Committee on Foreign Investment in the United States (CFIUS).
Impact of Government Shutdowns
The statutory review period has been extended due to interruptions in the U.S. federal government operations. Following the lift of the first shutdown on November 12, 2025, the 43-day shutdown period was added to the statutory 105-day review timeline. Subsequently, a second, brief shutdown of three days also occurred, with this additional period being incorporated into the timeline.
Current Timeline Projection
After factoring in these governmental interruptions, the first 90 days of the statutory 105-day timeline are currently set to conclude on February 26, 2026, assuming no further changes affect the review schedule. The successful completion of the transaction remains dependent on the receipt of CFIUS approval. All other details pertaining to the acquisition, as previously intimated on June 24, 2025, remain unchanged.
Source: BSE
