M&A

M&A

Lumax Auto sells its 50% stake in autocomp JV to partner Jopp Holding

BSE   Announcement  

Gurugram-based publicly listed Lumax Auto Technologies has sold its entire 50% equity stake (70,55,000 Equity shares) in Lumax Jopp Allied Technologies Pvt Ltd, to its the joint venture partner, Jopp Holding GmbH, Germany, for INR 1,52,500.Lumax Jopp Allied Technologies is an automotive components manufacturer that designs and produces advanced transmission products for the Indian automotive industry. For FY26, the firm posted INR 1,696.98 lakh in operating revenue.