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Omax Autos to disinvest up to 49% stake in GMAX Auto

25 Jul 2014 Evaluate

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.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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