Brilloca Limited agreed to acquire Building Products Manufacturing Undertaking from HSIL Limited (BSE:500187) from AGI Greenpac Limited (BSE:500187) for INR 6.3 billion on January 15, 2022. For the year ended March 31, 2021, the BPD undertaking of HSIL reported INR 5.9 billion in revenues. The transaction has been approved by Board of Directors of both Brilloca & HSIL, approved by the audit committee of HSIL and is subject to approval of the shareholders of Brilloca & HSIL, lenders approval and in accordance with the other provisions of the business transfer agreement to be executed between HSIL and Brilloca. The transaction is expected to close by March 31, 2022. Ernst & Young LLP acted as financial advisor and AZB & Partners acted as legal advisor to Brilloca.

Brilloca Limited competed the acquisition of Building Products Manufacturing Undertaking from HSIL Limited (BSE:500187) from AGI Greenpac Limited (BSE:500187) on March 31, 2022.