Feb 20, 2023ACQUISITIONIndia Lumax Auto Technologies to acquire majority stake in IAC Group's India business
Lumax Auto Technologies signed an agreement to acquire a 75% stake in IAC International Automotive India Private Limited from IAC Group at an equity valuation of INR 587 crore. The acquisition will be funded by debt and internal accruals.
Productsautomotive interior and exterior systemsinstrument panelsdoor and trim systems
“The acquisition will take place at an equity valuation of INR 587 crore.”auto.economictimes.indiatimes.com
- 3 sources
- auto.economictimes.indiatimes.comLumax Auto Technologies Limited: Lumax Auto Technologies to acquire majority stake in IAC Group’s India business, ETAutoET AutoFeb 20, 2023
- etnownews.comET NOW SPOTLIGHT: Auto Ancillaries In Focus - India Is Very Strong Market - Markets | ET NowSharad DubeyMar 15, 2023
- magzter.comLumax and IAC to co-develop integrated solutions for OEMs | Autocar Professional - automotive - Read this story on Magzter.comMayank DhingraMar 16, 2023
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