Sundaram Finance Increases Stake in Axles India to 62.98% | ₹182.68 Cr Deal

On April 10, 2025, Sundaram Finance Holdings Limited (SFHL) announced its decision to acquire a 24.16% equity stake in Axles India Limited from Dana Global Products Inc. for approximately ₹182.68 crore. This acquisition will increase SFHL’s stake in Axles India to 62.98%, making it a subsidiary of SFHL. The transaction is expected to be completed by April 30, 2025, subject to the execution of definitive agreements. Axles India, established in 1982, specializes in manufacturing axle housings for medium and heavy commercial vehicles and reported a turnover of ₹853.88 crore for the fiscal year 2023-24.