Dhoot Transmission Acquires Dhoot Transmission UK for ₹31.3 Cr
Dhoot Transmission Limited acquired 75,000 shares in its subsidiary, Dhoot Transmission UK, for ₹31.31 crore on August 27, 2026. This capital infusion aims to repay outstanding borrowings and support business growth. The subsidiary reported a turnover of ₹87.74 crore in FY26.
The acquisition involves a significant amount and aims to strengthen the subsidiary's financial position, which could positively impact the overall group's performance.
The acquisition of a wholly-owned subsidiary and infusion of capital for debt repayment and growth is a positive development for the company.
Dhoot Transmission Limited has announced the acquisition of 75,000 equity shares in its wholly-owned subsidiary, Dhoot Transmission UK Limited, for an aggregate consideration of GBP 24,00,000, equivalent to ₹31,31,57,799. The transaction, which took place on August 27, 2026, involved acquiring shares at GBP 32 per share.
Dhoot Transmission UK Limited, incorporated on January 23, 2007, is engaged in the trading of wiring harnesses. For the financial year ended March 31, 2026, its turnover was GBP 74,08,346 (₹87,74,14,126). The acquisition is part of a strategic move to repay outstanding borrowings of the subsidiary, enabling the utilization of internal accruals for business growth and expansion.
The company confirmed that Dhoot Transmission UK is a related party, but the transaction was conducted at arm's length. No other promoter, promoter group, or group companies have an interest in this acquisition. The acquisition will ensure Dhoot Transmission UK continues to be a wholly-owned subsidiary of Dhoot Transmission Limited.
A plain-language summary of a public exchange filing by Dhoot Transmission Limited. Read the original for the full detail.