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Auto company foray into the green and alternate fuels segment through strategic agreement to acquire majority stake in Greenfuel Energy Solutions

The company has a market cap of Rs 3,886 crore and stock is up by 70 per cent from its 52-week low of Rs 334.50 per share.

Kiran Shroff 0 219 Article rating: 4.3

The company has a market cap of Rs 3,886 crore and stock is up by 70 per cent from its 52-week low of Rs 334.50 per share.

Shares of this auto company zoomed more than 5 per cent post acquisition announcement!

The company announced on February 19, 2023, that it had acquired a 75 per cent stake in auto component supplier IAC International Automotive India for a total cash consideration of Rs 587 crore.

Bhavya Rathod 0 1910 Article rating: 4.7

The partnership also provides an opportunity for industry leaders in lighting and interior systems to offer integrated solutions to meet the rapidly evolving technological advancements in the automotive sector, according to the company. 

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