Omax Autos has received an approval for disinvestment of up to 49% equity shares of wholly owned subsidiary of the company ‘GMAX Auto’. The board of directors at its meeting held on July 24, 2014 has approved for the same.
Omax Autos manufactures a range of components for automobiles ranging from two-wheelers, three-wheelers, Off-Highway, passenger cars, commercial vehicles and railways.