This is in furtherance to our letter dated December 19, 2025, wherein the Company had informed the Stock Exchange about the execution of a Share Purchase Agreement dated December 19, 2025 ....
COCKERILL · price
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John Cockerill India has completed the acquisition of 100% equity shareholding of John Cockerill Metals International SA, Belgium, from its parent company John Cockerill SA. The deal was originally announced via a Share Purchase Agreement dated December 19, 2025, and has now been formally closed, making Metals International a wholly-owned subsidiary of John Cockerill India effective January 1, 2026. The parent company waived a €5 million (around Rs 47-48 crore) advance payment that was originally a condition for closing, and has extended the timeline for this payment to March 31, 2026.
Positive for shareholders as the company has successfully expanded its global footprint by adding a new wholly-owned subsidiary, strengthening its metals business. Investors should note the deferred €5 million payment due by March 31, 2026, which will need to be funded from the company's cash flows or reserves.