CIE Automotive India Limited has made a significant investment in its wholly-owned subsidiary, CIE Hosur Limited, through a rights issue. The transaction was completed on 4th September, 2026, and disclosed pursuant to Regulation 30 read with Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Investment Details
- Number of Shares Acquired: 69,40,000 fully paid-up Equity shares of ₹10 each
- Total Consideration: ₹120,75,60,000 (Rupees One hundred twenty crore seventy-five lakh sixty thousand)
- Price per Share: ₹174 including premium of ₹164 per equity share
- Ownership Impact: CIE Hosur continues to be a 100% wholly-owned subsidiary post-transaction
Subsidiary Information
- Name: CIE Hosur Limited
- Date of Incorporation: 6th August, 2021
- Industry: Automotive
Financial Performance of CIE Hosur Limited
- 2025 Turnover: ₹1,751.95 Million
- 2024 Turnover: ₹1,347.02 Million
- 2023 Turnover: ₹1,123.73 Million
Transaction Rationale and Use of Funds
The funds raised by CIE Hosur through this rights issue will be utilized for:
- Repayment of intercorporate loans
- Capital expenditure
- General corporate purposes
Regulatory and Compliance Aspects
- Related Party Transaction: No, as shares were acquired under rights issue
- Promoter/Promoter Group Interest: No additional interest beyond the Company's holding
- Governmental Approvals: Not required
- Transaction Completion: Already completed as of disclosure date
Disclosure Compliance
The intimation was made in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-OD2/I/3762/2026 last updated on 30th January, 2026, with complete details provided in Annexure-I.