CIE INDIA: WHOLLY OWNED SUBSIDIARY ACQUIRES 100% EQUITY SHARES OF CIE HOSUR LIMITED

• The acquisition was made on a rights basis for a total consideration of INR 120,75,60,000/- (₹120.76 Cr). • CIE Hosur Limited continues to be a wholly owned subsidiary. • The acquisition of equity shares is completed. • The funds raised by CIE Hosur shall be used for repayment of intercorporate loans, capital expenditure and general corporate purposes. Impact: Neutral (Further investment in a wholly owned subsidiary, no change in shareholding percentage)

CIE Automotive India Limited

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