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Lumax Industries acquires assets, unsold inventory worth Rs 46 crore

06 Apr 2019 Evaluate

Lumax Industries has acquired assets (including Plant & Machineries, Allied Infrastructures and Capital work in progress) for manufacturing of PCB’s for Rs 22.45 crore. The company has also acquired unsold inventory at Rs 23.94 crore. Both have been acquired from Lumax Auto Technologies. The Board of Directors of the company at its meeting held on April 05, 2019 has approved the same.

Lumax Industries offers a wide array of complete automobile lighting systems and solutions, which includes; stellar quality Head Lamps and Tail Lamps, Sundry and Auxiliary Lamps and other related products.

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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