Company now expects to complete 28.15% stake purchase in fourth quarter of FY 2025-26.
02 Jan 2026 | 10132 Views | By Shruti Shiraguppi
Samvardhana Motherson International Limited (SAMIL) informed the stock exchanges on December 25, 2025, that its proposed acquisition of a 28.15 percent stake in HR Dhauliganga Private Limited (HRDPL) is now likely to be completed during the fourth quarter of Financial Year 2025-26, citing ongoing completion of condition precedents as the ...
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Samvardhana Motherson International Limited (SAMIL) informed the stock exchanges on December 25, 2025, that its proposed acquisition of a 28.15 percent stake in HR Dhauliganga Private Limited (HRDPL) is now likely to be completed during the fourth quarter of Financial Year 2025-26, citing ongoing completion of condition precedents as the reason for the revised timeline.
The company had initially disclosed the transaction through letters dated June 19, 2025, and September 26, 2025, with an expected closing in the third quarter of FY 2025-26. The acquisition involves SAMIL and its subsidiaries entering into an agreement to purchase the stake in HRDPL, which is a special purpose vehicle established by Hinduja Renewables Energy Private Limited.
According to the company, the stake acquisition forms part of its strategy to comply with regulatory requirements for captive power generation and consumption under Electricity Laws. As part of the arrangement, SAMIL and its subsidiaries have approved the execution of Power Delivery Agreements with HRDPL, which will facilitate the company's captive power needs.
The revised timeline reflects the additional time required to fulfill various condition precedents that are standard in such transactions. These conditions typically include regulatory approvals, documentation completion, and other customary closing requirements before the transaction can be finalized.
The disclosure was submitted by Alok Goel, Company Secretary of Samvardhana Motherson International Limited, to the National Stock Exchange of India and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.