Announced Fri, 4 Sept, 2026 · 18:10 IST
Autofurnish acquires 55 percent stake in Chhariot EMob to enter E-Mobility segment
Price
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Price reaction · full curve 14 horizons · vs prior close
+12.4%1-day move
₹55.80
prior close
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base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
————+12.4+25.0+34.5+48.6+52.3+67.4+79.2+107.4——
Up moveDown movePending
AI summary
Autofurnish Limited has acquired 55 percent stake in Chhariot EMob Private Limited for cash at face value to expand into the E-Mobility segment. The target deals in trading, assembly and manufacturing of two-wheeler electric vehicles, EV parts and batteries, but reported NIL turnover over the last 3 years. Promoters of Autofurnish are separately acquiring the remaining 45 percent. Acquisition is already completed.
Likely market impact
Marks Autofurnish entry into EV two wheelers at minimal cash cost, but target has no revenue history so near term earnings impact is limited.