CIE Automotive India Limited — JV/Acquisition, 23-04-2026: Amalgamation/Merger

CIE Automotive India's board has approved the merger of its wholly-owned subsidiary, CIE Aluminium Casting India (CIEALCAST), into the parent company. This strategic move aims to boost operational efficiency, achieve economies of scale, and create significant synergies across businesses.

For FY25, CIEALCAST reported a turnover of ₹1,172.8 Cr and a net profit of ₹94.8 Cr. CIE Automotive India itself posted a turnover of ₹4,896.4 Cr and a net profit of ₹616.9 Cr for the same period.

As CIEALCAST is a wholly-owned unit, no new shares will be issued, meaning no shareholding dilution for existing investors. The merger is expected to enhance overall value for shareholders and awaits NCLT approval.