Hindalco Industries Limited (BSE:500440) agreed to acquire Fabrication facility of Home Build Tech India Pvt. Ltd. from Home Build Tech India Private Limited for INR 340 million on May 24, 2024. The consideration consists of INR 340 million in cash.

As part of the consideration, INR 340 million was paid towards assets. The transaction is subject to closing of due diligence, signing of definitive agreements, customary closing conditions and obtaining regulatory/statutory/other approvals, and has been approved by board of directors of Hindalco Industries Limited. The deal is expected to be completed by 4-6 months.