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Atul Auto invests Rs 20.03 crore in Khushbu Auto Finance

06 Sep 2024 Evaluate

Atul Auto has invested Rs 20.03 crore by way of subscription in the equity share capital of its wholly owned subsidiary namely ‘Khushbu Auto Finance’ (KAFL), on right basis. The said shares have been allotted on September 06, 2024.

With this investment, the total investment made by the Company in KAFL stands to Rs 77.81 crore. Currently, Atul Auto is holding 100% share capital of KAFL and with the current investment, Atul Auto’s shareholding percentage  in KAFL will remain unchanged. 

Atul Auto is a leading manufacturer of 3-Wheeled Commercial Vehicles in the state of Gujarat, presently engaged in the manufacturing of Three Wheelers like 6-seater Auto Rickshaws, Pick-Up Vans and Chassis of Passenger Vehicles. 

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Company Name CMP
Bajaj Auto 9850.00
TVS Motor Company 3975.00
Hero MotoCorp 5018.05
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