Atul Auto has invested Rs 4.91 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 28, 2024. With this investment, the total investment made by the company in KAFL stands to Rs 82.72 crore. KAFL is the Wholly-owned Subsidiary of the Company. Currently, Atul Auto is holding 100% share capital of KAFL and with the current investment, Atul Auto’s shareholding parentage 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.
