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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.

Peers
Company Name CMP
Redington 358.60
Adani Enterprises 2736.00
Amrapali Industries 34.77
Maxgrow India 178.35
Rashi Peripheral 697.90
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