Cheviot Company Limited has informed the Exchange about acquisition of shares.
CHEVIOT · price
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Awaiting price reaction for this filing.
Cheviot Company Limited has disclosed acquiring 9,000 equity shares of Hindalco Industries Limited (HIL) on 2 January 2026 at ₹925.9068 per share, totalling roughly ₹8.33 crore. The shares were purchased from the secondary market through the stock exchange mechanism, as a long-term investment (classified under Non-Current Investments) with no intention to acquire control. After this purchase, Cheviot holds 1,73,000 HIL shares in aggregate, still below 0.01% of HIL's share capital. The deal is a cash transaction, not a related-party transaction, and the promoter/promoter group of Cheviot have no interest in HIL. The disclosure is being made only because the acquisition value crosses the SEBI Regulation 30(4)(i)(c) threshold.
This is a small strategic investment in a fundamentally strong metal company and is immaterial to both Cheviot and Hindalco. Shareholders are unlikely to see any meaningful stock price reaction, though it reflects Cheviot's confidence in Hindalco's long-term prospects.