Cheviot Company Ltd., a prominent player in the Indian market, has recently announced significant acquisitions that bolster its investment portfolio. The company has acquired 30,000 equity shares in National Stock Exchange of India Limited (NSEIL), amounting to ₹15.52 crore. These shares represent 0.00606% of the total shareholding in NSEIL. The shares were purchased at ₹5,175 per share, and this acquisition was made through the secondary market.
This acquisition is part of Cheviot’s long-term strategy to build a diversified portfolio, taking advantage of NSEIL’s position as one of the largest and most influential stock exchanges in India. Cheviot Company has emphasized that it has no intentions of taking control over NSEIL, but views this acquisition as an investment in a leading financial entity within India.
Along with the NSEIL acquisition, Cheviot has also made another strategic investment in Reliance Industries Limited (RIL), one of India’s largest conglomerates. The company has purchased 83,000 equity shares of RIL, with a total investment of ₹18.96 crore. This acquisition was executed across several transactions between September and December 2024, at varying market prices. Despite the significant amount involved, Cheviot has stated that it does not intend to acquire control over RIL, but aims to enhance its portfolio with investments in some of the leading companies in the Indian market.
The company remains committed to furthering its growth through strategic investments and building long-term value for its stakeholders. Both of these acquisitions were made under Cheviot’s broader investment strategy, which is focused on creating a strong, diversified asset base.
Disclaimer: This information is for informational purposes only and should not be considered financial or investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
