Sundaram-Clayton Ltd, a leading automotive components manufacturer, announced today that its Board of Directors has approved the sale of its aluminium die-casting businesses at the Hosur plant to third-party purchasers. The decision was made during a board meeting held on February 19.
According to the company’s disclosure to stock exchanges, both high-pressure and low-pressure aluminium die-casting operations at the Hosur facility will be divested. However, key details of the transaction remain undetermined, including the final structure of the deal, the identity of the potential buyer and sale consideration.
Aluminium die-casting is a manufacturing process where molten aluminium is forced under high pressure into reusable steel moulds (called dies) to create precisely shaped metal components. This process is widely used in the automotive, aerospace, and consumer electronics industries.
The company possesses expertise in both high-pressure die-casting, ideal for complex, large-scale production, and low-pressure die-casting, which excels in producing structurally sound components with enhanced mechanical properties
The Chennai-based company, formerly known as Sundaram-Clayton DCD Limited, informed the BSE Limited and National Stock Exchange of India that it will make further disclosures upon execution of definitive agreements. The company noted that the completion of any transaction will be subject to regulatory approvals and other required permissions.
Effective June 16, Sundaram Clayton Ltd. (SCL) has undergone a name change. This change is the result of the merger between TVS Holdings Pvt. Ltd. and SCL. Following the merger, TVSH now serves as the promoter of TVS Motor Co., holding a 50.26% stake.
At 10:26 AM on February 20, 2025, Sundaram-Clayton Ltd shares traded at ₹2,445.25 per share on the NSE.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Feb 20, 2025, 3:07 PM IST
Team Angel One
We're Live on WhatsApp! Join our channel for market insights & updates