- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Jupiter Wagons Limited has increased its shareholding in its subsidiary, Jupiter Electric Mobility Private Limited (JEMPL), from 60% to 75%. This increment was achieved through a preferential issuance of equity shares and the transfer of shares, with a total cash consideration of approximately Rs. 4.00 lakh. JEMPL, engaged in designing and manufacturing electric trucks, light commercial vehicles, and energy storage solutions, reported a turnover of Rs. 32.54 lakh for the fiscal year 2023-2024. The acquisition could strengthen Jupiter Wagons' position in the growing electric vehicle market, presenting a positive outlook for the company's future prospects. Investors should monitor developments closely as this strategic move enhances their stake in JEMPL.