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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.

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Company Name CMP
SamvardhanaMotherson 160.90
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Bosch 47981.25
UNO Minda 1096.00
Bombay Burmah Trdg. 1180.40
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