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JBM Auto’s arm acquires entire stake in Ecolife Indraprastha Mobility

21 Nov 2022 Evaluate

JBM Auto’s wholly owned subsidiary -- JBM Ecolife Mobility has acquired 100% Equity Shares of Ecolife Indraprastha Mobility with effective from November 19, 2022. After the aforesaid acquisition, Ecolife Indraprastha Mobility has become wholly owned subsidiary of JBM Ecolife Mobility and step-down wholly owned subsidiary of the Company. Cost of acquisition is Rs 50,000.

JBM Auto is the flagship company of JBM Group.

Peers
Company Name CMP
SamvardhanaMotherson 159.00
Tube Investments 2388.70
Bosch 44450.00
UNO Minda 1106.60
Bombay Burmah Trdg. 1270.15
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