Jamna Auto to acquire UK spring maker Owen Springs for two 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 0.2 pts more than Nifty Microcap 250 and 0.5 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.
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.
Strategic UK market entry via full acquisition; small deal size but adds international footprint and customer access.