Announced Fri, 24 Jul · 14:29 IST
Jamna Auto to acquire UK-based Owen Springs Limited for 2 million pounds
JAMNAAUTO · price
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Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹130.75
prior close
₹131.79
base price
In-mkt
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AI summary
Jamna Auto board approved acquiring 100 percent of Owen Springs Limited, a UK maker of leaf and parabolic springs, for 2 million pounds cash from OSL Group Holdings. Target reported revenue of 2.76 million pounds and profit after tax of 132 thousand pounds in CY2025. Acquisition supports company's Lakshya RISE 5000 strategy to expand UK and international presence. Deal expected to close by August 31, 2026. Not a related party transaction.
Likely market impact
Small overseas acquisition strengthens UK footprint and growth strategy. Size is modest relative to the acquirer, so immediate earnings impact is limited.