Belrise Industries Ltd

BSE: 544405

total announcements

544405.BO · 15 min delayed

BSECompany Update▲ Positiveacquisition3d ago

The Company has submitted to the exchange investor presentation on the acquisition of india tipper body business of Hyva (india) Pvt. Ltd.

Belrise Industries Ltd submitted an investor presentation on the acquisition of India Tipper body business of Hyva (india) Pvt. Ltd. The acquisition is on a slump sale basis via a Business Transfer Agreement. The presentation highlights the benefits of the acquisition, including a leading European commercial vehicle OEM being added to Belrise's customer base, and the potential for increased revenue and EBITDA.

The Company has submitted the copy of press release on the acquisition of india tipper body business of Hyva (India) Pvt. Ltd.

Belrise Industries Ltd has acquired the Tipper Body Business of Hyva India Private Ltd for approximately USD 5.65 million, with an EV/EBITDA multiple of 3.60x. The acquisition strengthens Belrise's position as a Tier-0.5 supplier in the commercial vehicle ecosystem and expands its capabilities in the commercial vehicle segment.

The Board of Directors of the Company at its meeting held today, has approved the acquisition of India Tipper body business of Hyva (India) Pvt. Ltd. on slump sale basis vide entering into ....

Belrise Industries Ltd has approved the acquisition of India Tipper body business of Hyva (India) Pvt. Ltd on slump sale basis for USD 5.65 million (approximately INR 543.88 million).