Mumbai, April 2 -- The business transfer agreement between the two entities was executed on 26 March 2025.

The acquisition is being made via all-cash deal valued at Rs 163 crore, subject to adjustments as per the terms outlined in the business transfer agreement at the time of deal closure.

The acquisition of SCL's Aluminium die casting business at its Hosur Plant underscores Sandhar's commitment to advancing in allied automotive sectors and reinforcing its global leadership.

This move would enable Sandhar to scale the segment into a standalone vertical, creating synergies between both companies by combining SCL's legacy with Sandhar's manufacturing abilities. The acquisition will drive growth, expand the customer base, and diversify t...