Acquisitions29 Jun 2026, 06:10 pm
Lumax Auto Technologies Acquires Remaining 15.97% Stake in Lumax FAE Technologies
AI Summary
Lumax Auto Technologies Limited has completed the acquisition of the remaining 15.97% equity stake in its subsidiary, Lumax FAE Technologies Private Limited (LFAE), from Francisco Albero SAU (FAE). This transaction, effective June 29, 2026, makes LFAE a wholly-owned subsidiary of Lumax Auto Technologies. FAE will continue to provide technical support to LFAE and has permitted the use of the 'FAE' brand name for an agreed period. This move consolidates Lumax Auto Technologies' control over its subsidiary.
Key Highlights
- Lumax Auto Technologies acquired the final 15.97% stake in Lumax FAE Technologies.
- Lumax FAE Technologies is now a wholly-owned subsidiary.
- Technical support and brand usage agreement remains in place.
- Transaction consolidates ownership and operational control.
Price Impact
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