Cheviot Company Limited has informed the Exchange about Update on acquisition of shares.
CHEVIOT · price
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Awaiting price reaction for this filing.
Cheviot Company Limited purchased 21,000 equity shares of Hindalco Industries Limited (HIL) on 6th January 2026 at ₹942.83 per share, spending approximately ₹1.98 crore in cash. With this purchase, Cheviot's total holding in Hindalco stands at 1,94,000 equity shares, which is below 0.01% of HIL's share capital. The shares were bought from the secondary market purely as a long-term investment, with no intention to acquire control over Hindalco. The disclosure was triggered because the acquisition value is expected to cross the threshold under SEBI's Regulation 30(4)(i)(c). This is not a related-party transaction, and Cheviot's promoter group has no interest in Hindalco.
This is a small, passive financial investment by Cheviot in another listed company and is unlikely to have any meaningful impact on Cheviot's stock price or shareholders. For Hindalco shareholders, the stake is too tiny (<0.01%) to be of any significance.