LUMAX AUTO : Lumax Auto Technologies signs strategic agreement | STOCKMARKET INFOMANIA

LUMAX AUTO : Lumax Auto Technologies signs strategic agreement to acquire majority stake in IAC Group’s India
business

Equity value for 100% interest in IAC India of INR 587 crores

The IAC Group is a leading global supplier of powertrain-agnostic automotive interior and exterior systems and components including instrument panels, cockpits and consoles, door and trim systems, headliner and overhead systems and other interior and exterior components. With global revenues in excess of USD 3 billion, the IAC Group is a strategic supplier to leading automotive OEMs across the world and operates 45 manufacturing facilities across 17 countries.