01-01-1970 12:00 AM | Source: Accord Fintech
Lumax Industries rises on acquiring 100% stake in Lumax Industries Czech
News By Tags | #896 #3483 #572 #2513

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Lumax Industries is currently trading at Rs. 1732.65, up by 21.60 points or 1.26% from its previous closing of Rs. 1711.05 on the BSE.

The scrip opened at Rs. 1732.65 and has touched a high and low of Rs. 1735.00 and Rs. 1722.45 respectively. So far 1 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,735.00 on 15-Sep-2022 and a 52 week low of Rs. 840.00 on 16-May-2022.

Last one week high and low of the scrip stood at Rs. 1735.00 and Rs. 1604.85 respectively. The current market cap of the company is Rs. 1599.44 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 0.54% and 24.46% respectively.

Lumax Industries has acquired 100% equity stake (Ownership interest) in a Czech Republic based Company, named ‘Damberty Real s.r.o’ whose name has been changed to ‘Lumax Industries Czech s.r.o’. Now, Lumax Industries Czech s.r.o became Wholly Owned Subsidiary of the company. The objects of acquisition is providing/receiving services related to design and development of new technologies for automotive lighting systems for the existing and new customers of company in Indian and overseas markets and also for support in setting up of new facilities by company in India.

Lumax Industries is a market leader in the Indian Automobile Lighting Business.