Sundaram Finance Holdings Limited — JV/Acquisition, 26-04-2025: Acquisition

Sundaram Finance Holdings Limited has completed the acquisition of 61,58,208 equity shares, representing a 24.16% stake in Axles India Limited from Dana Global Products Inc. The total cash consideration for this transaction is approximately ₹182.68 Cr. This acquisition increases Sundaram’s shareholding in Axles India to 62.98%, making it a subsidiary. Axles India, a joint venture known for manufacturing axle housings for medium and heavy commercial vehicles, reported a total revenue of ₹855.10 Cr as of FY 2024. This strategic move aims to enhance operational efficiencies and market positioning.