Lumax Auto Technologies Merger & Restructuring Worth ₹0.02 Cr
Lumax Auto Technologies completed the 50% stake sale in Lumax Jopp Allied Technologies. The transaction concluded on June 29, 2026, for Rs.0.02 Crore.
- Value
- ₹0.02 Cr
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Lumax Auto Technologies completed the 50% stake sale in Lumax Jopp Allied Technologies. The transaction concluded on June 29, 2026, for Rs.0.02 Crore.
Lumax Auto Technologies completed the acquisition of the remaining 15.97% stake in Lumax FAE Technologies for Rs.1.92 Crore. The entity is now a wholly-owned subsidiary.
Lumax Auto Technologies acquired a 15.97% stake in Lumax FAE Technologies. This makes Lumax FAE a wholly owned subsidiary of the company.
Lumax Auto Technologies will infuse ₹3 Crore into its subsidiary, Lumax Yokowo Technologies. The capital supports capex for new automotive antenna and communication projects.
Lumax Auto Technologies completed its merger with IAC International Automotive India following NCLT sanction. The scheme became effective on May 18, 2026.
Lumax Auto Technologies will sell its 50% stake in Lumax Jopp Allied Technologies for ₹0.01525 Crore. The deal marks a strategic exit from the joint venture.