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Omax Autos disinvest remaining 51% stake in GMAX Auto

12 Jan 2016 Evaluate

Omax Autos has sold its remaining 51% stake in its subsidiary company ‘Gmax Auto’. The shares transfers in this regard have been registered on January 11, 2016 by the board of directors of Gmax Auto. Consequently, the company has no stake in Gmax Auto and it is no more a subsidiary of the company.

Omax Autos manufactures a range of components for automobiles ranging from two-wheelers, three-wheelers, Off-Highway, passenger cars, commercial vehicles and railways.



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