Sundaram-Clayton Limited has announced the approval of the sale of its high-pressure and low-pressure aluminium die-casting businesses at its Hosur plant. The company’s Board of Directors approved the decision in a meeting held on February 19, 2025.
The identity of the prospective purchaser(s), the structure of the transaction, and the sale consideration are yet to be determined. The company stated that it will make further disclosures once definitive agreements are executed.
The completion of the sale will be subject to regulatory approvals and necessary consents. Sundaram-Clayton confirmed that it will comply with disclosure requirements under the Securities and Exchange Board of India (SEBI) Listing Regulations.
Sundaram-Clayton Limited (SCL) is an aluminium die-casting supplier for automotive and non-automotive sectors in India. Established in 1962, the company provides machined and sub-assembled aluminium castings, collaborating with global OEMs and Tier-1 suppliers. Its manufacturing operations incorporate TQM, TPM, Lean practices, and advanced technologies to support industry demand for light metal castings.