SAMIL acquisition of 28.15 percent stake in HR Dhauliganga delayed to Q4 FY27
MOTHERSON · price
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SAMIL and its subsidiaries are acquiring 28.15 percent stake in HR Dhauliganga Private Limited, an SPV set up by Hinduja Renewables, for captive power use. The deal was earlier expected to close by Q1 FY27 but is now pushed to Q4 FY27 as conditions precedent are still being completed. Power Delivery Agreements with HRDPL are also being executed.
Minor delay pushes closing timeline back by about three quarters. No major financial impact expected as the deal is small and was always part of captive power planning.