Himadri completes 100% acquisition of Birla Tyres Limited

Himadri Speciality Chemical announced the completion of its acquisition of Birla Tyres Limited (BTL) on April 7, 2025. This follows the initial acquisition of 99.67% of BTL's equity shares on April 1, 2025, through the conversion of Optionally Convertible Debentures (OCDs). The final step involved acquiring the remaining 0.33% of equity shares, representing 9,999 shares, from existing shareholders for a purchase consideration of INR 9,00,000. With this acquisition, Himadri now holds 100% of BTL, making it a wholly-owned subsidiary. This move is expected to enhance Himadri's market position and create synergies within its existing operations.