Sandhar Ascast to Acquire Sundaram Clayton’s Hosur Die-Casting Unit in Slump Sale

Summary: Sandhar Technologies’ subsidiary, Sandhar Ascast Private Limited, will acquire Sundaram-Clayton Ltd’s high-pressure and low-pressure aluminium die-casting businesses at Hosur via a slump sale, approved by Sandhar’s board on March 17, 2025. The transaction, subject to regulatory approvals, aims to consolidate Sandhar’s casting operations for operational synergies. Sundaram-Clayton had initially approved the divestment on February 19, 2025, as part of strategic restructuring post-merger with TVS Holdings. The deal is expected to close by September 30, 2025, with terms aligned to fair market value under tax regulations.

 

Sources: NSE Filing (Sandhar Technologies), Marketscreener, CNBC-TV18