Lumax Auto exits JV, sells 50% stake to Jopp Holding GmbH

Core Business DivestedStrategic Transactions View source PDF

LUMAXTECH · price

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Price reaction · full curve 14 horizons · vs prior close

+0.9%1-day move

₹1510.90

prior close

₹1508.70

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.7+0.2+0.1+0.0+0.9+0.7+1.0+0.4-1.3-1.3-3.1———

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AI summary

Lumax Auto Technologies completed the sale of its entire 50% stake in Lumax Jopp Allied Technologies to JV partner Jopp Holding GmbH, Germany on June 29, 2026. Following this, Lumax Jopp Allied Technologies ceases to be a JV of the company with effect from June 29, 2026.

Likely market impact

Shareholders should note full exit from the JV with Jopp Holding. Impact on consolidated revenue and earnings to be assessed.