Announced Tue, 1 Sept, 2026 · 17:19 IST
Jamna Auto completes £2 million acquisition of UK spring maker
JAMNAAUTO · price
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Price reaction · full curve 14 horizons · vs prior close
+0.7%1-day move
₹121.20
prior close
₹119.86
base price
After-mkt
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AI summary
Jamna Auto completed the 100 percent cash acquisition of UK-based Owen Springs Limited on 1 September 2026 for £2 million, subject to net current asset adjustments. It is now a wholly owned subsidiary. Owen Springs makes and trades leaf and parabolic springs, reported 2025 revenue of £2.761 million, profit after tax of £132,000 and net worth of £1.041 million. The deal creates Jamna Auto's first international aftermarket presence and may support UK exports.
Likely market impact
Adds a UK aftermarket platform and export growth opportunities, but benefits depend on integration and reversing the acquired business's recent revenue decline.