Chandrakant Birla to acquire significant stake in BirlaNu

Chandrakant Birla, a member of the promoter and promoter group of BirlaNu Limited, formerly HIL Limited, will acquire 3,007,836 equity shares, representing 39.89% of the company’s share capital. The shares will be acquired from nine other promoter group entities.

This inter-se transfer, part of an internal restructuring, is set to occur on or after December 29, 2025. The shares will be acquired at a price within the range prescribed by SEBI, with the volume-weighted average market price for 60 trading days preceding the notice date at INR 1,770.94.

Before the acquisition, Chandrakant Birla held 51,376 shares (0.68%), increasing to 3,059,212 shares (40.57%) post-transaction. The selling entities, including Ashok Investment Corporation Ltd, Shekhavati Investments and Traders Ltd, and Central India Industries Limited, will divest their entire holdings to Chandrakant Birla.

The transaction will be undertaken via a block deal on the stock exchange.