Cheviot Company Acquires Hindalco Shares for Long-Term Investment
Cheviot Company Limited has disclosed an acquisition of equity shares of Hindalco Industries Limited (HIL) through the stock exchange mechanism. The purchase, executed on December 31, 2025, involved 2...
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Why is Cheviot Company Limited in the news today?
Cheviot Company Limited (CHEVIOT) is in the news due to the acquisition of shares is a strategic investment for long-term purposes and does not appear to have an immediate positive or negative impact on cheviot company limited's operations or financials beyond the investment cost. the disclosure is regulatory in nature.
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Cheviot Company Acquires Hindalco Shares for Long-Term Investment
December 31, 2025, 12:12 PM
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Cheviot Company Limited has disclosed an acquisition of equity shares of Hindalco Industries Limited (HIL) through the stock exchange mechanism. The purchase, executed on December 31, 2025, involved 23,000 equity shares at ₹887.4263 per share, amounting to a cash consideration.
This acquisition is intended for long-term investment, driven by Hindalco's strong fundamentals and market position, and is not aimed at acquiring control. The company's total holding in HIL now stands at 1,42,000 equity shares. While the holding is below 0.01% of HIL's share capital, the acquisition value exceeded the disclosure threshold under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.
Hindalco Industries Limited, incorporated in 1958, operates in the metal and metal products manufacturing sector. As of March 31, 2025, HIL reported total equity of ₹70,206 crore, revenue from operations of ₹93,309 crore, and a profit of ₹6,387 crore on a standalone basis. Cheviot Company Limited has confirmed that neither its promoter, promoter group, nor group companies have any interest in Hindalco Industries Limited, and the transaction is not a related party transaction.
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