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India Motor Parts acquires 90% stake in CAPL Motor Parts

30 Nov 2017 Evaluate

India Motor Parts & Accessories has invested Rs 4.50 crore on November 29, 2017, towards 90% stake in the equity capital of CAPL Motor Parts. Consequent to this investment, CAPL Motor Parts has become a subsidiary of the company.

Recently, the company had received an approval to enter into a Memorandum of Understanding (MoU) for investing Rs 3.80 crore towards 76% stake in the equity of a private limited company, which will take over the business of Central Automobiles, a Partnership Firm in Ahmedabad, Gujarat.

India Motor Parts and Accessories is engaged in the distribution of automobile spare parts and accessories. It is one of the few all India distributors of motor parts and deals in engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, instrument clusters etc.

India MotorParts&Acc Share Price

1145.15 29.60 (2.65%)
09-Jul-2026 13:37 View Price Chart
Peers
Company Name CMP
Redington 275.35
Amrapali Industries 33.64
Adani Enterprises 3096.15
Rashi Peripheral 781.15
PDS 351.95
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