CIE Automotive India Acquires 69.4 Lakh Shares in Subsidiary CIE Hosur for ₹120.76 Crore
CIE Automotive India acquired 69.4 lakh shares in its wholly-owned subsidiary, CIE Hosur Limited, for ₹120.76 crore. The funds will be used for loan repayment, capex, and general corporate purposes. CIE Hosur's turnover was ₹175.195 crore in FY25.
The acquisition involves a substantial amount of ₹120.76 crore, which is a significant investment in a subsidiary. While it is for internal restructuring and operational support, it impacts the financial resources of the parent company.
The company has made a further investment in its wholly-owned subsidiary. This is a routine transaction to support the subsidiary's operations and does not indicate a significant positive or negative development for the parent company.
CIE Automotive India Limited has announced the acquisition of 69,40,000 fully paid-up Equity shares of Rs. 10 each in its wholly-owned subsidiary, CIE Hosur Limited. The total consideration for this acquisition amounts to ₹120,75,60,000 (Rupees One hundred twenty crore seventy-five lakh sixty thousand).
CIE Hosur Limited, incorporated on August 6, 2021, operates in the automotive industry. As of December 31, 2025, its turnover was ₹175.195 Crores (1,751.95 Million). For the years ended 2024 and 2023, the turnover was ₹134.70 Crores (1,347.02 Million) and ₹112.37 Crores (1,123.73 Million) respectively. The funds raised by CIE Hosur through this acquisition will be utilized for the repayment of intercorporate loans, capital expenditure, and general corporate purposes.
The acquisition was completed on a rights basis, and CIE Automotive India Limited continues to hold 100% shareholding in CIE Hosur Limited. The shares were acquired at ₹174/- per share, which includes a premium of ₹164/- per equity share. This transaction does not fall within related party transactions, as the acquisition is done via a rights issue.
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CIE Automotive India Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by CIE Automotive India Limited. Read the original for the full detail.