Samvardhana Motherson International Limited provides an update regarding the acquisition of a 28.15% stake in HR Dhauliganga Private Limited (HRDPL). Due to ongoing condition precedent completion, the transaction’s closing is now expected in the third quarter (Oct-Dec) of the Financial Year 2025-26. HRDPL is a special purpose vehicle for captive power generation.
Acquisition Timeline Adjustment
Samvardhana Motherson International Limited has announced a revised timeline for its acquisition of a stake in HR Dhauliganga Private Limited (HRDPL). The company had previously disclosed its intention to acquire a 28.15% stake in HRDPL to meet captive power generation requirements. The acquisition was initially expected to close in Q2 FY26.
Revised Completion Target
The completion of the acquisition is now anticipated to occur during the third quarter (Oct-Dec) of the financial year 2025-26. This adjustment is due to the time required for ongoing completion of certain condition precedents.
Background of the Deal
The acquisition involves SAMIL and its subsidiaries entering into an agreement to acquire a 28.15% stake in HRDPL. HRDPL has been established as a special purpose vehicle by Hinduja Renewables Energy Private Limited. This investment supports regulatory compliance concerning electricity laws and captive power generation and consumption.
Source: BSE
