JBM Auto arm acquires 51% stake in two companies

JBM Electric Vehicles Private Limited, a wholly owned subsidiary of JBM Auto Limited, has acquired 51% Equity Shares in JBM Green Energy Systems Private Limited and JBM EV Industries Private Limited on 07th January, 2022.

After the aforesaid acquisition, JBM Green Energy Systems Private Limited and JBM EV Industries Private Limited have become indirect subsidiary companies of the Company.

Shares of JBM Auto Limited was last trading in BSE at Rs. 1419.75 as compared to the previous close of Rs. 1352.15. The total number of shares traded during the day was 28826 in over 2478 trades.

The stock hit an intraday high of Rs. 1419.75 and intraday low of 1366.00. The net turnover during the day was Rs. 40542038.00.

Source : Equity Bulls

Keywords

JBMAuto INE927D01028 StakeAcquisition