Acquisitions4 Sept 2026, 06:10 pm
Autofurnish Acquires 55% Stake in Chhariot EMob for E-Mobility Expansion
AI Summary
Autofurnish Ltd's board has approved the acquisition of a 55% equity stake in Chhariot EMob Private Limited, a company involved in the trading, distribution, assembly, and manufacturing of two-wheeler electric vehicles, EV parts, and EV batteries. This strategic move aims to expand Autofurnish's presence in the burgeoning E-Mobility segment. Additionally, the company will grant an inter-corporate loan of up to ₹2.50 Crore to Chhariot EMob. The acquisition is not a related party transaction, and the deal is considered completed.
Key Highlights
- Autofurnish acquires 55% of Chhariot EMob Private Limited.
- Expansion into the E-Mobility sector is the primary objective.
- An inter-corporate loan of up to ₹2.50 Crore will be provided.
- The acquisition is not a related party transaction.
- Chhariot EMob deals in electric vehicles, parts, and batteries.
Price Impact
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