JV/AcquisitionAcquisition

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.

CIE Automotive India Limited logo
CIE Automotive India LimitedCIEINDIA · Filed with the exchange

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.

Read the original filing(PDF)

No comments yet. Be the first.

More from CIE Automotive India Limited

All announcements