Lumax Auto Technologies to Acquire Remaining 25% Shareholding in IAC International Automotive India

Lumax Auto Technologies Ltd. has approved the proposed acquisition of the remaining 25% shareholding in IAC International Automotive India Private Limited from its existing shareholder, IACG Holdings LUX SARL. This acquisition will make IAC a wholly owned material subsidiary of Lumax. IAC is a well-established Tier-1 interior systems and components supplier, with a strong engineering center providing advanced design and engineering services. The acquisition is expected to be completed by May 31, 2025, subject to customary conditions. The equity value for 25% interest in IAC India is approximately INR 221 crores.