Announced Mon, 29 Jun · 18:00 IST
Lumax Auto Tech makes Lumax FAE Technologies a wholly owned subsidiary
LUMAXTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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———
Up moveDown movePending
AI summary
Lumax Auto Technologies has completed the acquisition of the remaining 15.97% equity stake in Lumax FAE Technologies (LFAE) from Spain's Francisco Albero SAU (FAE). With this, LFAE has become a wholly owned subsidiary of Lumax Auto Technologies, effective June 29, 2026. FAE will continue to provide technical support to LFAE and has allowed continued use of the 'FAE' brand name for a mutually agreed period.
Likely market impact
Positive: full ownership of LFAE gives Lumax complete control over its operations, earnings, and strategic decisions going forward.