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30-Nov2017

India Motor Parts acquires 90% stake in CAPL Motor Parts

India Motor Parts & Accessories has invested Rs 4.50 crore on November 29, 2017, towards 90% stake in the equity capital of CAPL Motor Parts. Consequent to this investment, CAPL Motor Parts has become a subsidiary of the company.

Recently, the company had received an approval to enter into a Memorandum of Understanding (MoU) for investing Rs 3.80 crore towards 76% stake in the equity of a private limited company, which will take over the business of Central Automobiles, a Partnership Firm in Ahmedabad, Gujarat.

India Motor Parts and Accessories is engaged in the distribution of automobile spare parts and accessories. It is one of the few all India distributors of motor parts and deals in engine group components, brake systems, fasteners, radiators, suspensions, axles, auto electricals, wheels, steering linkages, instrument clusters etc.


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