JBM Auto has entered into Share Purchase Agreement with Sandhar Technologies for the purchase of 2,00,000 equity shares of INDO Toolings (Joint Venture Company) on the terms and conditions as specified in the Share Purchase Agreement dated October 9, 2020.
Consequently, Sandhar Technologies have agreed to sell its entire shareholding in INDO Toolings to JBM Auto. Subsequent to proposed acquisition, the shareholding of the company in INDO Toolings will increase to 100% of the paid-up equity share capital.
JBM Auto is the flagship company of JBM Group.
