Sandhar Technologies Limited has announced the signing of a Business Transfer Agreement (BTA) through its wholly owned subsidiary, Sandhar Ascast Private Limited (SAPL), for the acquisition of the High Pressure and Low Pressure Aluminium Die Casting businesses of Sundaram-Clayton Limited at its Hosur plant. The deal, valued at ₹163 crore, will be executed on a slump sale basis, the company informed stock exchanges on March 26, 2025.
The transaction is part of Sandhar Technologies’ strategy to strengthen its presence in the auto component industry and aligns with its core business focus. The deal is expected to close by March 31, 2025, subject to the fulfilment of conditions precedent as outlined in the agreement.
As per the disclosure, this is a cash transaction, and the acquisition does not involve any related party. The target business is not incorporated as a separate entity but is a business unit of Sundaram-Clayton, a public limited company engaged in manufacturing automotive components.
The turnover of the target business was:
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₹368.99 crore in FY22-23
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₹357.1 crore in FY23-24
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₹371.84 crore for FY24-25 (till February 2025)
Sandhar noted that the acquisition will support the ongoing operations and growth of SAPL and will be made available for public reference on the company’s website.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Please consult your financial advisor before making any investment decisions.
