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Lumax Auto Technologies completes acquisition of majority shareholding in IAC India

11 Mar 2023 Evaluate

Lumax Auto Technologies has completed the acquisition of majority shareholding (representing 75% of share capital on fully diluted basis) in IAC International Automotive India (IAC India) through its wholly owned subsidiary namely Lumax Integrated Ventures. Accordingly, IAC India has become the step-down subsidiary of the company and subsidiary of Lumax Integrated Ventures with immediate effect.

Lumax Auto Technologies manufactures a wide range of automotive components. The company's products include drive transmission and steering components, body and chassis, and electrical components.

Lumax Auto Tech Share Price

1792.75 -4.70 (-0.26%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
Tube Investments 2789.65
Bosch 37505.60
UNO Minda 1097.30
CIE Automotive India 490.15
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