Corporate News 24-May-24
Board of Hindalco Industries approves acquisition of fabrication facility of Home Build Tech India
On 24 May 2024
The Board of Hindalco Industries has approved an acquisition of fabrication facility of Home Build Tech India (HBT), by way of entering into a binding MoU. The acquisition shall be effectuated through a Special Purpose Vehicle [to be incorporated as a wholly owned subsidiary of the Company], as a part of the transaction. The cost of acquisition is Rs 34 crore.
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