Cheviot company acquires Hindalco shares for long-term investment

Cheviot Company Limited has disclosed the acquisition of equity shares in Hindalco Industries Limited (HIL), a company incorporated in 1958 and engaged in metal and metal product manufacturing. The purchases were made on December 16, 17, and 18, 2025, with a total of 60,000 equity shares acquired. The average prices for these acquisitions were ₹835.7675, ₹848.1344, and ₹848.9833 respectively, totaling a cash consideration.

HIL reported total equity of ₹70,206 crores, revenue from operations of ₹93,309 crores, and a profit of ₹6,387 crores for the year ended March 31, 2025. Cheviot's acquisition, representing less than 0.01% of HIL’s share capital, is for long-term investment purposes and does not aim to acquire control. The company stated the acquisition's value is expected to exceed the threshold for disclosure under Regulation 30 of the Listing Regulations.