MoneyWorks4Me

JBM Auto sells 15% stake in JBM Electric Vehicles

11 Jul 2023 Evaluate

JBM Auto has transferred/sold 15% equity shares of JBM Electric Vehicles (a Wholly Owned Subsidiary) to Nishant Arya, Individual Promoter of the Company. Due to such transfer, Shareholding of the Company in JBM Electric Vehicles reduced to 85%. Now JBM Electric Vehicles has become the subsidiary of the Company with effective from July 10, 2023. 

JBM Auto is the flagship company of JBM Group.

Peers
Company Name CMP
SamvardhanaMotherson 162.00
Tube Investments 2612.50
Bosch 47800.00
UNO Minda 1207.00
Bombay Burmah Trdg. 1406.00
View more..