Lumax Auto to acquire remaining 25% stake in IAC India for Rs 221 cr

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Lumax Auto to acquire remaining 25% stake in IAC India for Rs 221 cr - Business Standard

Quick Summary:

It also has an engineering centre in Pune with over 330 engineers and designers supporting product design, development, programme management, and tooling for both domestic and international customers.

Following this transaction, IAC India will become a wholly owned subsidiary of LATL.

Managing Director Anmol Jain noted that the full integration would support cost optimisation and create financial flexibility for future acquisitions.