Lumax Auto To Acquire Remaining 25% Stake In IAC India For Rs 221 Crore
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Lumax Auto To Acquire Remaining 25% Stake In IAC India For Rs 221 Crore
Lumax Auto Technologies Ltd. announced on Friday that it will acquire the remaining 25% stake in IAC International Automotive India Pvt., or IAC India, for Rs 221 crore. Following the completion of the transaction, IAC India will become a wholly-owned material subsidiary of the company."This company's board have approved the proposed acquisition by the company of remaining 25% shareholding in IAC International Automotive India Private Ltd., or I…
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