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Stock Report
India Motor Parts & Accessories Ltd to invest further in CAPL Motor Parts Pvt Ltd
Posted On : 2022-10-06 14:28:02( TIMEZONE : IST )
The Board of Directors of India Motor Parts & Accessories Limited("the Company") at its Meeting held today i.e. on Wednesday, 5th October, 2022, have considered and approved the additional investment in CAPL Motor Parts Pvt. Ltd., a Subsidiary Company ("CAPL") by way of purchase of remaining 5,00,000 equity shares of CAPL (representing 10% of equity share capital of CAPL) from the existing Shareholders of CAPL. On completion of the said purchase, the Company's shareholding in CAPL would increase from 90% to 100% and CAPL would become a wholly owned subsidiary of the Company.
