INDIA MOTOR PARTS & ACCESSORIES LIMITED Sundaram Finance Holdings Limited (NSEI:SUNDARMHLD) agreed to acquire 16% stake in Transenergy Private Limited from India Motor Parts & Accessories Limited (BSE:590065) and Lumiere Coolants Private Limited for INR 62.12 million on March 21, 2023. Transenergy Private Limited will acquire 72,713 equity shares of Transenergy Private Limited. Transenergy Private Limited reported Turnover of INR 1.2 billion, Net Income of 92.5 million and Total Common equity worth INR 275 million in 2021-22.
Transaction has already been approved by Sundaram Finance Holdings Limited board of director's. Transaction is expected to close on March 31, 2023.
