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India Motor Parts & Accessories acquires additional stake in CAPL Motor Parts

01 Dec 2022 Evaluate

India Motor Parts & Accessories has completed acquisition of remaining 5,00,000 equity shares of CAPL Motor Parts, a Subsidiary Company (CAPL). The company’s shareholding in CAPL Motor Parts increased from 90% to 100% and thereby, CAPL has become a wholly owned subsidiary of the Company with effect from November 29, 2022.  

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

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