Lumax Auto Technologies Limited has informed the Exchange about completion of the acquisition of the remaining 25% shareholding in IAC International Automotive India Private Limited
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Lumax Auto Technologies has completed the acquisition of the remaining 25% shareholding in IAC International Automotive India Private Limited (IAC India) on May 22, 2025. With this purchase, the company now holds 100% of IAC India, converting it into a Wholly Owned Material subsidiary. This follows an earlier intimation dated May 16, 2025 about the transaction. IAC India is an automotive components business, which aligns with Lumax's core auto component operations.
Making IAC India a wholly owned subsidiary gives Lumax full strategic and operational control over the business and allows it to consolidate 100% of IAC India's financials. Investors may view this positively as it simplifies the group structure and eliminates minority shareholder considerations.