JBM Auto has acquired 92,500 Equity Shares and 8,84,466 Preference shares from Vivek Travels, a shareholder of VT Emobility (subsidiary Company) and consequently the Company has increased its Equity Share holding from 62% to 99% in VT Emobility with effect from October 27, 2023.
The enhancing shareholding will give more power to manage the Business more efficiently. Through this acquisition the Company has acquired 37% Equity shareholding in VT Emobility.
JBM Auto is the flagship company of JBM Group.
