Jamna Auto Industries Acquires 100% Stake in UK-Based Spring Manufacturer Owen Springs Limited
Jamna Auto Industries Ltd has approved the acquisition of the entire issued share capital of Owen Springs Limited, a company based in the United Kingdom. The Board meeting approving the transaction took place on July 24, 2026.The target entity, Owen Springs Limited, is incorporated in England and Wales and specializes in the manufacturing and trading of leaf and parabolic springs and related products. This acquisition represents a strategic move by Jamna Auto Industries Ltd, aligning with its Lakshya - RISE 5000 strategy to expand into new markets. The company anticipates that this purchase will strengthen its international presence, enhance access to customers and business opportunities in the United Kingdom and other regions, thereby bolstering its global footprint and market position.
The acquisition details include purchasing 100% of the outstanding equity capital of Owen Springs Limited. The transaction is planned to be completed by August 31, 2026, with the consideration being a 100% cash payment. The cost for acquiring the shares is set at £2,000,000 (two million pounds sterling), subject to adjustments concerning net current assets as outlined in the Share Purchase Agreement.
Key details regarding the target entity and the transaction are summarized below:
| Feature | Detail |
|---|---|
| Target Entity | Owen Springs Limited (UK) |
| Industry | Manufacturing & Trading of leaf/parabolic springs |
| Acquisition Status | 100% shareholding acquired by Jamna Auto Industries Ltd |
| Nature of Consideration | 100% cash consideration |
| Cost of Acquisition | £2,000,000 (two million pounds sterling) |
| Expected Completion Period | By August 31, 2026 |
Financial and Operational Background of Owen Springs Limited
Owen Springs Limited has been operating since July 28, 2004. The company’s performance metrics from its latest financial year ended December 31, 2025, are as follows:| Metric (as per FY ended Dec 31, 2025) | Value |
|---|---|
| Reported Revenue | £2,760 thousands UK Pounds |
| Profit After Tax (PAT) | £132 thousands UK Pounds |
| Net Worth | £1,041 thousands UK Pounds |
The entity being acquired is located in the United Kingdom and specialized in the manufacturing and trading of leaf and parabolic springs. The acquisition process was determined not to constitute a related party transaction.
JAMNAAUTO Stock Price Movement
Shares of Jamna Auto Industries Limited are gaining to ₹131.81 as of 2:50 PM, climbing by 0.77% in live trading. The stock has seen significant activity, with over 1.35 million shares traded so far today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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