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

Lumax Auto Technologies Ltd. announced the outcome of its Board Meeting held on May 16, 2025, where the board approved the proposed acquisition of the remaining 25% shareholding in IAC International Automotive India Private Limited from IACG Holdings LUX SARL. This acquisition, subject to customary conditions, will make IAC India a wholly owned material subsidiary of Lumax Auto Technologies. IAC India is a well-established Tier-1 interior systems and components supplier, with a strong engineering center providing advanced design and engineering services. The turnover/revenue of IAC India for the previous three financial years is as follows: FY 2021-22: INR 468 Crores, FY 2022-23: INR 801 Crores, FY 2023-24: INR 886 Crores. The acquisition is expected to be completed by May 31, 2025, with a cash consideration of approximately INR 221 crores for the 25% interest in IAC India.