Voler Car Limited Declared Highest Bidder for Blue Smart Mobility Limited in CIRP Auction
Voler Car Limited has been declared the Highest Bidder (H1) in the auction process for the proposed acquisition of Blue Smart Mobility Limited, which is undergoing Corporate Insolvency Resolution Process (CIRP). The resolution was completed on June 10, 2026.The acquisition targets Blue Smart Mobility Limited, an entity operating in the mobility and transportation sector that is presently under CIRP as mandated by the Insolvency and Bankruptcy Code, 2016. Voler Car Limited participated in the bidding process conducted for the company’s acquisition.
The status of the transaction is subject to several conditions. The acquisition must be finalized following the submission of a Resolution Plan, evaluation by the Committee of Creditors (CoC), and receipt of all necessary approvals, including assent from the National Company Law Tribunal (NCLT).
Voler Car Limited stated that the proposed acquisition aims to expand its presence within the electric mobility ecosystem through strategic business synergies.
Key details regarding the target entity and the nature of the transaction are summarized below:
| Particulars | Details |
|---|---|
| Name of Target Entity | Blue Smart Mobility Limited |
| Background | Engaged in the mobility/transportation sector, currently undergoing CIRP under the Insolvency and Bankruptcy Code, 2016. |
| Industry | Electric mobility / transportation services |
| Nature of Transaction | Proposed acquisition pursuant to CIRP auction process. |
| Related Party Transaction | No |
| Timeline for Completion | Subject to approval of the Resolution Plan by the Committee of Creditors and the Hon'ble NCLT. |
The company indicated that the transaction does not yet constitute completion, pending the fulfillment of definitive documentation, regulatory approvals, and all conditions required under applicable laws. Voler Car Limited is committed to keeping stakeholders informed regarding any further material developments concerning this acquisition.
VOLERCAR Stock Price Movement
Today, Voler Car Limited shares slipped by 4.81%, settling at ₹228.80 after the close. The stock saw a total traded volume of 60,000 shares and briefly dipped to its intraday low of ₹225.5.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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