Samvardhana Motherson International Limited provides an update on its proposed acquisition of a 28.15% stake in HRDPL (Hinduja Renewables Energy Private Limited). While the initial expectation was to close the deal in Q3 FY26, the transaction is now expected to be completed during Q4 FY26 due to ongoing condition precedents.
HRDPL Stake Acquisition: Revised Timeline
Samvardhana Motherson International Limited has issued an update concerning the acquisition of a 28.15% stake in HRDPL (Hinduja Renewables Energy Private Limited). The company had previously announced its intention to acquire this stake to comply with regulatory requirements for captive power generation and consumption under Electricity Laws.
Deal Closing Delayed
Originally, the company anticipated the closing of the transaction in Q3 FY26. However, due to the ongoing completion of condition precedents, the transaction is now expected to be completed during Q4 FY26. HRDPL is identified as a special purpose vehicle set up by Hinduja Renewables Energy Private Limited.
Source: BSE