Hindustan Adhesives Limited (HAL) has announced an investment in PT. Bagla Group Indonesia, making it a subsidiary of the company. The board of directors approved this decision in a meeting held on March 10, 2025.
Key Highlights of the Acquisition:
- Target Entity: PT. Bagla Group Indonesia
- Industry: Processing Industry (Category C) & Wholesale and Retail Trade (Category G)
- Investment Type: Initial capital subscription in cash
- Acquisition Cost: 5.1 billion Rupiah (divided into 5,100 shares)
- Shareholding: 51% stake acquired by Hindustan Adhesives Limited
- Regulatory Approvals Required: None
Strategic Objectives Behind the Acquisition:
- Expanding operations in Indonesia, especially in manufacturing and trade.
- Strengthening supply chain and market reach in Indonesia.
- Aligning with Hindustan Adhesives Limited’s and Bagla Polifilms Limited’s business segments.
- Enhancing production capabilities and distribution networks within Indonesia.
Company’s Statement
Madhusudan Bagla, Managing Director of Hindustan Adhesives Limited, confirmed the acquisition in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company sees this expansion as a strategic move to strengthen its presence in the Indonesian market.
This acquisition marks an important milestone for Hindustan Adhesives Limited as it looks to grow its international footprint in the adhesive and packaging industry.
