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Lumax Auto Technologies Limited (LATL) announced plans to acquire the remaining 25% stake in IAC International Automotive India Pvt. Ltd. from International Automotive Components Group, making IAC India a wholly owned subsidiary. The transaction is expected to close by 31 May 2025.
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.