Hindusthan Urban Infrastructure Ltd — Updates, 18-06-2025: Company Update

Hindusthan Urban Infrastructure Limited has announced a board meeting to seek shareholder approval via postal ballot for the sale of its entire 58.5% stake in its material subsidiary, Hindusthan Speciality Chemicals Limited (8.46 Cr shares approx.), to DCM Shriram Limited for about INR 219.39 Cr (subject to debt adjustments). The company plans to utilize the proceeds to focus on its core electrical equipment manufacturing business, including overhead conductors and high-tension insulators, and to repay loans or support general business activities. The transaction is expected to complete by August 2025, pending necessary approvals.