Divestment30 Jun 2026, 07:30 am
Lumax Auto Technologies Sells 50% Stake in JV
AI Summary
Lumax Auto Technologies Limited has completed the sale of its entire 50% equity stake in Lumax Jopp Allied Technologies Private Limited to its Joint Venture Partner, Jopp Holding GmbH, Germany. This transaction, effective June 29, 2026, signifies the cessation of Lumax Jopp Allied Technologies Private Limited as a joint venture of the Company. The company previously intimated this potential sale on May 08, 2026. Further details will be available on the company's website.
Key Highlights
- Company divested its entire 50% equity stake in a joint venture.
- The sale was completed on June 29, 2026.
- The joint venture partner, Jopp Holding GmbH, acquired the stake.
- Lumax Jopp Allied Technologies Private Limited is no longer a JV.
Price Impact
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