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Lumax Auto Technologies completes acquisition of entire stake in Lumax Ancillary

29 Jan 2024 Evaluate

Lumax Auto Technologies has completed the acquisition of entire equity stake i.e. 100% of the Paid-up Share Capital of Lumax Ancillary (LAL) on January 25, 2024. Accordingly, LAL has become a wholly owned subsidiary of the Company with effect from January 25, 2024.

Further, the acquisition will help both the companies to leverage their respective competitive strengths in order to drive their business forward in the coming years and work towards unlocking potential synergies across products, customers, technology and manufacturing excellence.

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

1801.90 -41.65 (-2.26%)
15-Apr-2026 11:50 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 123.25
Tube Investments 2738.65
Bosch 36990.85
UNO Minda 1098.95
CIE Automotive India 487.75
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