Cheviot Company Limited has informed the Exchange about acquisition of shares.
CHEVIOT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Cheviot Company Limited has disclosed the purchase of 22,000 equity shares of Hindalco Industries Limited (HIL) from the secondary market on 1st January 2026 at ₹894.4893 per share, for a total consideration of approximately ₹1.97 crore. After this purchase, Cheviot holds 1,64,000 equity shares of HIL in aggregate, which is below 0.01% of HIL's share capital. The acquisition is a cash deal made purely as a long-term investment, with no intention to acquire control. HIL is a major metals manufacturer with FY25 standalone revenue of ₹93,309 crore and profit of ₹6,387 crore. The disclosure is being made only because the transaction value crosses the SEBI Regulation 30(4)(i)(c) reporting threshold.
This is a routine, small-scale portfolio investment by Cheviot in a fundamentally strong listed company and is unlikely to have any material impact on Cheviot's financials or share price. For Hindalco shareholders, the impact is negligible as the stake acquired is well below 0.01% and no control or open offer is triggered.