Hindalco Industries surges on entering into SPA to acquire 100% shareholding in EMMRL
Hindalco Industries is currently trading at Rs. 837.00, up by 12.85 points or 1.56% from its previous closing of Rs. 824.15 on the BSE.
The scrip opened at Rs. 832.00 and has touched a high and low of Rs. 839.90 and Rs. 827.45 respectively. So far 838638 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 841.85 on 27-Oct-2025 and a 52 week low of Rs. 546.25 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 841.85 and Rs. 772.35 respectively. The current market cap of the company is Rs. 187980.50 crore.
The promoters holding in the company stood at 34.64%, while Institutions and Non-Institutions held 52.55% and 8.84% respectively.
Hindalco Industries has entered into a Share Purchase Agreement (SPA) on October 24, 2025, with Essel Mining & Industries (EMIL) and EMIL Mines and Mineral Resources (EMMRL) for acquisition of 100% shareholding of EMMRL.
The said acquisition will be completed on or before November 30, 2025 subject to satisfactory completion of conditions precedent under the SPA, upon which EMMRL will become a wholly owned subsidiary of the Company.
Hindalco Industries is an industry leader in aluminium and copper. The company’s aluminium units across the country encompass the entire gamut of operations from bauxite mining, alumina refining, aluminium smelting to downstream rolling, extrusions, foils and alloy wheels, along with captive power plants and coal mines.
