Lumax Auto Technologies Completes Acquisition, Securing Full Ownership of Lumax FAE Technologies
Lumax Auto Technologies Limited has completed the acquisition of the remaining 15.97% Equity Stake in Lumax FAE Technologies Private Limited (LFAE). The acquisition, finalized on June 29, 2026, means LFAE has now become a Wholly Owned Subsidiary of Lumax Auto Technologies Limited.The stake was acquired from Francisco Albero SAU (FAE). Following the completion of this transaction, LFAE transitioned into a fully owned subsidiary of the Company, marking a significant consolidation in its operational structure.
Despite the change in ownership status, FAE will continue to support LFAE by providing technical assistance. Furthermore, FAE has permitted the use of "FAE" within the name of Lumax FAE Technologies Private Limited for a mutually agreed period.
LUMAXTECH Stock Price Movement
Shares of Lumax Auto Technologies Limited shed 2.51% today, settling at ₹1503.2 after closing down ₹38.90 from the previous session’s close. The equity recorded a total traded volume of 129,314 shares during the trading session.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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