Bombay Cycle & Motor Agency has made investment of Rs 4.5 crore and acquired 50% stake in the total paid-up equity share capital of Walchand Sun Advanced Composites (WSACPL). The company has acquired 45,00,000 equity shares representing 50% of the total paid up equity capital of WSACPL.
Bombay Cycle & Motor Agency is engaged in business activities such as automobile sales and service, and hospitality.