CIE Automotive India invests ₹121 crore in subsidiary CIE Hosur

CIE Automotive India invested ₹120.76 crore in its wholly owned subsidiary CIE Hosur Limited by acquiring 69.4 lakh equity shares on a rights basis. The funds will be used for repayment of intercorporate loans, capital expenditure and general corporate purposes.

“CIE Automotive India Ltd has invested ₹120.76 crore in its wholly owned subsidiary CIE Hosur Limited, acquiring 69.4 lakh fully paid-up equity shares on a rights basis.”cnbctv18.com

• 1 source
• cnbctv18.comCIE Automotive India invests ₹121 crore in wholly owned subsidiary CIE Hosur - CNBC TV18Jomy Jos PullokaranSep 4, 2026

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