Update on Acquisition of 100% equity stake in EMIL Mines and Mineral Resources Limited, wholly owned…

Hindalco Industries Limited has entered into a Share Purchase Agreement to acquire 100% equity stake in EMIL Mines and Mineral Resources Limited, a wholly owned subsidiary of Essel Mining & Industries Limited. The acquisition is expected to be completed on or before November 30, 2025, subject to the satisfactory completion of conditions precedent under the agreement. EMMRL will become a wholly owned subsidiary of Hindalco upon completion of the acquisition.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date
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