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CIE Automotive India Limited acquires stake in CIE Hosur Limited for Rs 120.76 crore
04-Sep-2026, 05:57
CIE Automotive India Limited announced it has acquired 69,40,000 fully paid-up equity shares of Rs 10 each in its wholly owned subsidiary, CIE Hosur Limited, for a total consideration of Rs 120,75,60,000, or Rs 174 per share. The acquisition, completed on a rights basis, will be used by CIE Hosur for repayment of intercorporate loans, capital expenditure, and general corporate purposes, and CIE Automotive India Limited will continue to beneficially hold 100% shareholding of CIE Hosur Limited.