Belrise Industries arm inks share purchase pact to buy UK's Chester Hall
This story was originally published at 20:16 IST on 18 March 2026
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NEW DELHI – Belrise Industries Ltd. Wednesday said its wholly-owned step-down subsidiary, Belrise UK Holdings Ltd., has signed a definitive share purchase agreement to acquire 100% stake in the UK-based Chester Hall Precision Engineering Holdings Ltd.
Chester Hall specialises in precision machining of aerostructures, aero-engine components, and satellite parts. It supplies to global aerospace original equipment manufacturers and also to the space and defence sectors.
The acquisition is priced at an enterprise value to earnings before interest, taxes, depreciation, and amortisation multiple of around six times. Belrise Industries expects it to be earnings per share- and return on capital employed-accretive from day one. Part of the consideration is linked to Chester Hall Precision's calendar year 2026 performance.
For the December quarter, on a consolidated basis, Belrise Industries had reported a net profit of INR 1.22 billion on a revenue of INR 23.41 billion. Wednesday, its shares ended nearly 4% higher at INR 183.75 on the National Stock Exchange. End
Reported by Gunjan Rajput
Edited by Rajeev Pai
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