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India Motor Parts & Accessories gets nod to make further investment in CAPL

06 Oct 2022 Evaluate

India Motor Parts & Accessories has received approval from its board to make further investment in CAPL Motor Parts (CAPL), a subsidiary company, by way of purchase of remaining 5 lakh equity shares of CAPL (representing 10% of equity share capital of CAPL) from the existing shareholders of CAPL. On completion of the said purchase, the company’s shareholding in CAPL would increase from 90% to 100% and CAPL would become a wholly owned subsidiary of the company. The inductive time period of the acquisition is by November 30, 2022. The cost of acquisition is Rs 1.41 crore.

India Motor Parts & Accessories is one of the largest all India distributors for automobile spare parts.

India Motor Parts Share Price

1024.55 -1.45 (-0.14%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Redington 234.90
Adani Enterprises 2218.35
Amrapali Industries 17.53
Rashi Peripheral 455.25
PDS 301.45
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