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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 MotorParts&Acc Share Price

1136.60 21.05 (1.89%)
09-Jul-2026 10:29 View Price Chart
Peers
Company Name CMP
Redington 272.90
Amrapali Industries 33.50
Adani Enterprises 3056.60
Rashi Peripheral 770.00
PDS 351.00
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