Hindalco to acquire Essel Mining subsidiary EMMRL

Hindalco Industries Limited announced it will acquire a 100% equity stake in EMIL Mines and Mineral Resources Limited ("EMMRL"), a wholly-owned subsidiary of Essel Mining & Industries Limited ("EMIL"). The company entered into a share purchase agreement with EMIL and EMMRL on October 24, 2025, for this acquisition.

The acquisition is subject to satisfactory completion of precedent conditions and is expected to be completed on or before November 30, 2025. Upon completion, EMMRL will become a wholly-owned subsidiary of Hindalco Industries Limited.

This update follows an earlier intimation dated May 20, 2025, with all other terms and conditions of the transaction remaining unchanged.