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India Motor Parts & Accessories jumps on acquiring additional stake in CAPL Motor Parts
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India Motor Parts & Accessories is currently trading at Rs. 749.00, up by 8.30 points or 1.12% from its previous closing of Rs. 740.70 on the BSE.
The scrip opened at Rs. 740.05 and has touched a high and low of Rs. 749.00 and Rs. 737.05 respectively. So far 329 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 940.00 on 05-Jan-2022 and a 52 week low of Rs. 708.00 on 27-Oct-2022.
Last one week high and low of the scrip stood at Rs. 746.25 and Rs. 731.90 respectively. The current market cap of the company is Rs. 919.84 crore.
The promoters holding in the company stood at 30.72%, while Institutions and Non-Institutions held 10.00% and 59.28% respectively.
India Motor Parts & Accessories has completed acquisition of remaining 5,00,000 equity shares of CAPL Motor Parts, a Subsidiary Company (CAPL). The company’s shareholding in CAPL Motor Parts increased from 90% to 100% and thereby, CAPL has become a wholly owned subsidiary of the Company with effect from November 29, 2022.
India Motor Parts & Accessories is one of the largest all India distributors for automobile spare parts.
