Lumax Auto Technologies completes acquisition of majority stake in IAC India

Lumax 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.

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