JBM Auto gains as its arm acquires entire stake in Ecolife Indraprastha Mobility
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JBM Auto is currently trading at Rs. 436.85, up by 3.15 points or 0.73% from its previous closing of Rs. 433.70 on the BSE.
The scrip opened at Rs. 430.15 and has touched a high and low of Rs. 439.20 and Rs. 430.15 respectively. So far 966 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 675.98 on 24-Jan-2022 and a 52 week low of Rs. 335.88 on 29-Nov-2021.
Last one week high and low of the scrip stood at Rs. 444.00 and Rs. 401.05 respectively. The current market cap of the company is Rs. 5185.14 crore.
The promoters holding in the company stood at 67.53%, while Institutions and Non-Institutions held 1.24% and 31.23% respectively.
JBM Auto’s wholly owned subsidiary -- JBM Ecolife Mobility has acquired 100% Equity Shares of Ecolife Indraprastha Mobility with effective from November 19, 2022. After the aforesaid acquisition, Ecolife Indraprastha Mobility has become wholly owned subsidiary of JBM Ecolife Mobility and step-down wholly owned subsidiary of the Company. Cost of acquisition is Rs 50,000.
JBM Auto is the flagship company of JBM Group.
