Lumax Auto Technologies completes acquisition of majority stake in IAC India
Capital MarketLumax Auto Technologies has completed the acquisition of majority shareholding (representing 75% of share capital on fully diluted basis) in IAC International Automotive India (IAC India) through its wholly owned subsidiary namely Lumax Integrated Ventures.
Accordingly, IAC India has become the step-down subsidiary of the Company and subsidiary of Lumax Integrated Ventures with immediate effect.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
