CIE Automotive India has injected `120.76 Cr` into its wholly-owned subsidiary, CIE Hosur Limited, through a rights issue to acquire `69.4 lakh` additional shares.
This cash infusion aims to bolster CIE Hosur's financial position, earmarked for repaying intercorporate loans, funding essential capital expenditure, and supporting general corporate activities.
CIE Hosur, a key player in the automotive industry, reported `1,751.95 Million` in turnover for 2025. This investment reinforces CIE Automotive's strategic commitment to its subsidiary's growth and operational strength within the auto sector.
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