Announced Mon, 27 Jul · 10:28 IST
Jamna Auto to acquire UK spring maker Owen Springs for two million pounds
JAMNAAUTO · price
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Price reaction · full curve 14 horizons · vs prior close
—1-day move
₹133.09
prior close
₹133.48
base price
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AI summary
Board of Jamna Auto Industries approved acquiring 100 percent of Owen Springs Limited, a UK maker of leaf and parabolic springs, for two million pounds in cash. Target had revenue of 2.76 million pounds in CY2025 with PAT of 132 thousand pounds. Part of company's RISE 5000 strategy to expand UK presence and global footprint. Expected to close by August 31, 2026. Not a related party deal and no government approvals needed.
Likely market impact
Strategic UK market entry via full acquisition; small deal size but adds international footprint and customer access.