Zuari Industries consolidates ₹147.96 crore TIHL stake from wholly owned subsidiary

Zuari Industries acquired 1,28,10,900 equity shares of Texmaco Infrastructure & Holdings from its wholly owned subsidiary, Zuari International, for approximately Rs. 147,96,05,468 in cash. The 23 September 2026 block-deal transaction consolidates the investment at the listed holding-company level and has been completed.

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
• The mill is expected to gain a head start for FY27 with plans to extend crushing operations into April. (management committed by FY27)
• we expect that in this financial year the balance about INR800 crores should come in by the end of the financi (management committed by FY27)