{"id":932,"date":"2026-06-24T11:11:39","date_gmt":"2026-06-24T11:11:39","guid":{"rendered":"https:\/\/investors.bajajauto.com\/ar26\/?page_id=932"},"modified":"2026-06-24T11:11:40","modified_gmt":"2026-06-24T11:11:40","slug":"business-combinations-and-acquisition-of-non-controlling-interests","status":"publish","type":"page","link":"https:\/\/investors.bajajauto.com\/ar26\/business-combinations-and-acquisition-of-non-controlling-interests\/","title":{"rendered":"Business combinations and acquisition of non-controlling interests"},"content":{"rendered":"\n\n\t<section class=\"section\" id=\"section_1066429562\">\n\t\t<div class=\"section-bg fill\" >\n\t\t\t\t\t\t\t\t\t\n\t\t\t\n\n\t\t<\/div>\n\n\t\t\n\n\t\t<div class=\"section-content relative\">\n\t\t\t\n\n<div class=\"row\"  id=\"row-1885710818\">\n\n\n\t<div id=\"col-1929835286\" class=\"col medium-6 small-12 large-6\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n<a href=\"https:\/\/investors.bajajauto.com\/ar26\/notes-to-consolidated-financial-statements\/\" class=\"button secondary is-outline lowercase\" style=\"border-radius:99px;\">\n\t\t<span>Notes to Consolidated Financial Statements<\/span>\n\t<\/a>\n\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n\t<div id=\"col-1409532638\" class=\"col small-12 large-12\"  >\n\t\t\t\t<div class=\"col-inner\"  >\n\t\t\t\n\t\t\t\n\n\n\n<!DOCTYPE html>\n<html xmlns=\"http:\/\/www.w3.org\/1999\/xhtml\" lang=\"en-GB\">\n\t<head>\n\t\t<meta charset=\"utf-8\" \/>\n\t\t<title>46<\/title>\n\t\t<style>\n\t\t\tbody, div, dl, dt, dd, h1, h2, h3, h4, h5, h6, p, pre, code, blockquote, figure {\n\tmargin:0;\n\tpadding:0;\n\tborder-width:0;\n}\nbody {\n\t-epub-hyphens:auto;\n}\ntable.Annual-Report-Main-Table {\n\tborder-collapse:collapse;\n\tborder-color:#000000;\n\tborder-style:none;\n\tborder-width:0px;\n\tmargin-bottom:0px;\n\tmargin-top:0px;\n}\ntd.Annual-Report-Main-Table, th.Annual-Report-Main-Table 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{\n\tborder-bottom-color:#808285;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n}\ntd._idGenCellOverride-7 {\n\tborder-bottom-color:#000000;\n\tborder-bottom-style:solid;\n\tborder-bottom-width:1px;\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n}\ntd._idGenCellOverride-8 {\n\tborder-left-style:solid;\n\tborder-left-width:0px;\n\tborder-top-color:#000000;\n\tborder-top-style:solid;\n\tborder-top-width:1px;\n}\ncol._idGenTableRowColumn-1 {\n\twidth:800px;\n}\ntr._idGenTableRowColumn-2 {\n\tmin-height:25px;\n}\ncol._idGenTableRowColumn-3 {\n\twidth:705px;\n}\ncol._idGenTableRowColumn-4 {\n\twidth:10px;\n}\ncol._idGenTableRowColumn-5 {\n\twidth:85px;\n}\ntr._idGenTableRowColumn-6 {\n\tmin-height:17px;\n}\ntr._idGenTableRowColumn-7 {\n\tmin-height:23px;\n}\ncol._idGenTableRowColumn-8 {\n\twidth:704px;\n}\ntr._idGenTableRowColumn-9 {\n\tmin-height:41px;\n}\ndiv._idGenObjectStyleOverride-1 {\n\tborder-width:0px;\n}\n\n\t\t<\/style>\n\t<\/head>\n\t<body id=\"x46\">\n\t\t<div id=\"_idContainer000\" class=\"_idGenObjectStyleOverride-1\">\n\t\t\t<table id=\"table001\" class=\"Annual-Report-Main-Table\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-1\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Annual-Report-Main-Table _idGenTableRowColumn-2\">\n\t\t\t\t\t\t<td class=\"Annual-Report-Main-Table _R9-_-R9--01-Color_Head _1_Table_Table-Body-Text_11_Table_Text-_Plain _idGenCellOverride-1\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Main_Head_Color\" lang=\"en-US\">46&#160;&#160;Business combinations and acquisition of non-controlling interests<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-R9-NF_00Indent_Bold\" lang=\"en-US\"><span>Ac<\/span>quisitions during the year ended 31 Mar<span>ch 2026<\/span><\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-R9-NF_00Indent_Bold\" lang=\"en-US\"><span>Acquisition of Bajaj<\/span> Auto International Holdings AG (BAIH AG) (<span>Formerly known as &apos;Pierer Bajaj AG&apos; or &apos;PBAG&apos;).<\/span><\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">On November 18, 2025 (\u2018date of acquisition\u2019), the Group through its wholly owned subsidiary, Bajaj Auto International Holdings B.V, (BAIHBV), acquired sole controlling interest in BAIH AG and consequently, BAIH AG became subsidiary of the Group. Together with previously held 49.9% of shares, Bajaj Auto Group now owns 100% in BAIHAG which inturn holds ~74.94% stake in BMAG. BMAG is the holding company of KTM AG, a leading motorcycle manufacturer in Europe with brands such as KTM, Husqvarna and GASGAS.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The Group has accounted, profit of \u20b9 953.10 crore on remeasurement at fair value on acquisition date, pertaining to previously held equity interest and has reclassified foreign currency translation gain on investment in erstwhile associate accumulated over the prior reporting periods in Foreign Currency Translation Reserve of \u20b9 645.71 crore, to profit or loss.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">Pursuant to acquisition of such controlling stake, the fair values of assets acquired and liabilities assumed have been determined by the Group and accounted for using the acquisition method of accounting in accordance with Ind AS 103 \u2018Business Combination\u2019 as at the date of acquisition. The excess of the fair value of the net assets acquired over the purchase consideration has been recognised as capital reserve in other equity through other comprehensive income. Accordingly, the Group has consolidated BAIHAG as a subsidiary from date of acquisition till 31 December 2025. Financial statements for the year ended 31 March 2026 include the impact of the above transaction w.e.f. 18 November 2025 and are thus not comparable with corresponding previous periods.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The Group has elected to measure non-controlling interests in the acquiree using the proportionate share method, i.e., based on the present ownership instruments\u2019 share in <span>the recognised amounts of the acquiree\u2019s identifiable net assets.<\/span><\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-R9-NF_00Indent_Bold-Color-\" lang=\"en-US\"><span>Assets acquired and liabilities assumed<\/span><\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\"><span>The fair values of the identifiable assets and liabilities of these entities as at the date of acquisition were:<\/span><\/p>\n\t\t\t<table id=\"table002\" class=\"Basic-Table TableOverride-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-6\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--02-Rupees_In_Crore\" colspan=\"3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Rupees_In_Crore\" lang=\"en-US\"><span>(<\/span>\u20b9<span> In Crore )<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--05-Particulars-Left- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-PY_2024_Plain _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right-\">Fair Value <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-5\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Property, plant and equipment<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 3,476.78 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Capital work-in-progress<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">73.60<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Right of use-assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">569.86<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Intangible assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 3,924.92 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Intangible assets under development<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 1,442.30 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Investments in associates<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 171.87 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Loans<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 30.01 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Income tax assets (net) &amp; deferred tax assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 89.30 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Other financials assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">697.96<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Other assets<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 833.26 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Inventories<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 4,764.29 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Trade receivables<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 2,618.32 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Cash and cash equivalents<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-6\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 889.53 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Assets and disposal groups held for sale<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_Total-Lines_-R9-Bottom-Black- _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 56.90 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"><span class=\"Bold-Text\"> 19,638.90 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text-Bold- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Borrowings<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 9,562.82 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Deferred tax liabilities (net)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 501.54 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Lease liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 620.94 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Trade payables<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 1,651.94 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Other financial liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 483.01 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Other liabilities<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 283.19 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Provisions<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-6\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 493.25 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Current tax liabilities (net)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_Total-Lines_-R9-Bottom-Black- _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 31.04 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"><span class=\"Bold-Text\"> 13,627.73 <\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-7\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text-Bold- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Total identifiable net assets at fair value<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_Total-Lines_-R9-Total-Black-Bold _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Bold-\"> 6,011.17 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-8\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Non Controlling interest measured at fair value<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 1,533.30 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text-Bold- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Total identifiable net assets at fair value (pertaining to Group)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> 4,477.87 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Bargain purchase gain\/Capital Reserve<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\"> (21.83)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text-Bold- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text-Bold-\">Purchase Considerations transferred<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_Total-Lines_-R9-GTotal-Black--Bold- _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Bold-\"> 4,456.04 <\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The acquisition date fair value of the trade receivables amounts to \u20b9 2,618.32 crore against the gross amount \u20b9 2,779.94 crore. The full contractual amounts are expected to be realised.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">From the date of acquisition, BAIHAG has contributed \u20b9 1,296.23 crore of revenue and \u20b9 871.86 crore to the losses before tax from continuing operations of the Group. If the combination had taken place at the beginning of the year, revenue from continuing operations would have been \u20b9 10,236.98 crore and the profit before tax from continuing operations for the Group would have been \u20b9 6,063.52 crore.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The right-of-use assets were measured at an amount equal to the lease liabilities and adjusted to reflect the favourable terms of the lease relative to market terms.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\">The deferred tax liability mainly comprises the tax effect of the accelerated depreciation for tax purposes of tangible and intangible assets.<\/p>\n\t\t\t<p class=\"_R9--Nonfinancial_-R9-NF_00Indent_Bold\" lang=\"en-US\">Purchase Consideration<\/p>\n\t\t\t<table id=\"table003\" class=\"Basic-Table TableOverride-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-8\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--05-Particulars-Left- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-PY_2024_Plain _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right-\">(<span class=\"ITF-Rupee CharOverride-1\">\u20b9<\/span> In Crore)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-5\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-9\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Purchase consideration paid for acquisition of controlling stake (Exercise of call option of existing loan)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent ParaOverride-1\" lang=\"en-US\"><span>524.09<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Fair Value of share held at acquisition date (49.9% in BAIH AG)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure\">3,931.95<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Total Consideration<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_Total-Lines_-R9-GTotal-Black--Bold- _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Bold-\">4,456.04<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t\t<p class=\"_R9--Nonfinancial_-R9-NF_00Indent_Bold\" lang=\"en-US\"><span>An<\/span>alysis of Cashflow on acq<span>uisition<\/span><\/p>\n\t\t\t<table id=\"table004\" class=\"Basic-Table TableOverride-1\">\n\t\t\t\t<colgroup>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-3\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-4\" \/>\n\t\t\t\t\t<col class=\"_idGenTableRowColumn-5\" \/>\n\t\t\t\t<\/colgroup>\n\t\t\t\t<tbody>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--05-Particulars-Left- _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Left-\">Particulars<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-PY_2024_Plain _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Thickline-Black--Right-\">(<span class=\"ITF-Rupee CharOverride-1\">\u20b9<\/span> In Crore)<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-4\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">&#160;&#160;&#160;&#160;<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-5\" \/>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-9\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent\" lang=\"en-US\"><span>Purchase consideration paid for acquisition of controlling stake (Exercise of call option of existing loan)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent ParaOverride-1\" lang=\"en-US\"><span>(524.09)<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Net cash acquired with the subsidiary<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Figure _idGenCellOverride-7\">\n\t\t\t\t\t\t\t<p class=\"_R9--Nonfinancial_-09-NF_00Indent ParaOverride-1\" lang=\"en-US\"><span>889.53<\/span><\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t\t<tr class=\"Basic-Table _idGenTableRowColumn-7\">\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9-Text _idGenCellOverride-2\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Text\">Net Cashflow on acquisition<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_-R9--00-Blank-Cell\" \/>\n\t\t\t\t\t\t<td class=\"Basic-Table _R9-_Total-Lines_-R9-GTotal-Black--Bold- _idGenCellOverride-3\">\n\t\t\t\t\t\t\t<p class=\"_R9-_-R9-Figure-Bold-\">365.44<\/p>\n\t\t\t\t\t\t<\/td>\n\t\t\t\t\t<\/tr>\n\t\t\t\t<\/tbody>\n\t\t\t<\/table>\n\t\t<\/div>\n\t<\/body>\n<\/html>\n\n\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\n\t\n\n<\/div>\n\n\t\t<\/div>\n\n\t\t\n<style>\n#section_1066429562 {\n  padding-top: 30px;\n  padding-bottom: 30px;\n}\n<\/style>\n\t<\/section>\n\t\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-blank.php","meta":{"footnotes":""},"class_list":["post-932","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Business combinations and acquisition of non-controlling interests - Annual Report 2025-26<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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