SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Atul Auto completes acquisition of 70% stake in Khushbu Auto Finance

03 Sep 2021 Evaluate

Atul Auto has completed the acquisition of 70% equity share capital of Khushbu Auto Finance (KAFL) whereby making it Wholly Owned Subsidiary on September 01, 2021. Before the acquisition, the company was holding 1,18,20,000 (30%) equity shares of KAFL. The company has now acquired remaining 2,75,80,000 (70%) equity shares of KAFL. After this acquisition, 100% shares are held by the company.

The acquisition is made with an object to ensure the desired finance support to the retail customers of vehicles of the company. With 100% control over KAFL, it will become a captive finance company. The sufficient availability of finance to the retail customers would give positive effect in sales of vehicles of the company.

Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles.

Atul Auto Share Price

435.80 4.10 (0.95%)
10-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Bajaj Auto 9813.65
Hero MotoCorp 5468.45
TVS Motor 3838.65
Eicher Motors 7421.25
Ather Energy 863.45
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×