Cheviot company acquires additional Hindalco shares for long-term investment

Cheviot Company Limited disclosed the acquisition of 35,000 equity shares in Hindalco Industries Limited (HIL) on December 24, 2025, at a price of ₹870.6375 per share. This transaction, executed through the secondary market, is intended for long-term investment, bringing Cheviot’s total holding in HIL to 119,000 equity shares of ₹1 each.

The acquisition, while not aimed at acquiring control and representing less than 0.01% of HIL's share capital, triggered a disclosure requirement under Regulation 30 of the Listing Regulations due to its value. Hindalco Industries, incorporated in 1958, is a prominent manufacturer of metal and metal products. For the year ended March 31, 2025, HIL reported a total equity of ₹70,206 crores, revenue of ₹93,309 crores, and a profit of ₹6,387 crores on a standalone basis.

Cheviot Company emphasizes that the purchase was made with a view toward long-term investment, recognizing HIL's strong fundamentals and leading market position. No governmental or regulatory approvals were required for this acquisition, which involved cash consideration, and it is not considered a related-party transaction.