Sundaram Finance Holdings Limited (SFHL) will acquire up to 6,22,752 equity shares of ₹10 each in India Motor Parts & Accessories Limited (IMPAL), representing 4.99% of paid-up equity.
The acquisition will be through block deal window or other permitted mechanisms.
Upon completion, SFHL's stake in IMPAL will increase from 20.00% to 24.99%.
The transaction is expected to be completed by the end of June 2026.
IMPAL's total revenue as of 31 March 2025 was ₹835.98 crore.
IMPAL is a distributor of motor parts and accessories with a network of 90+ branches.
This acquisition will enable SFHL to consolidate their holdings in group companies.