Jamna Auto to acquire UK-based Owen Springs for 2 million pounds
JAMNAAUTO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.4 pts more than Nifty Microcap 250 and 1.8 pts more than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Jamna Auto Industries board approved acquiring 100 percent of Owen Springs Limited, a UK-based leaf and parabolic springs maker, from OSL Group Holdings for 2 million pounds in cash. Target reported 2.76 million pounds revenue and 132 thousand pounds profit for CY2025. Deal expected to close by August 31, 2026. Acquisition supports the company's Lakshya RISE 5000 strategy to expand internationally and strengthen presence in the UK and nearby regions. Not a related party deal; no government approvals needed.
Small bolt-on acquisition boosting UK presence; aligns with international growth strategy. Modest deal size relative to acquirer.