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EQUITY - MARKET SCREENER

Lumax Industries Ltd
Industry :  Auto Ancillaries
BSE Code
ISIN Demat
Book Value()
517206
INE162B01018
763.0395722
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
LUMAXIND
30.93
5785.36
EPS(TTM)
Face Value()
Div & Yield %
200.05
10
0.89
 

modern engineering & projects limited
Kalyani Powertrain signs agreement for divestment of stake in JV REFU Drive GmbH
Jul 23,2026
Bharat Forge announced that Kalyani Powertrain (KPTL), a wholly owned subsidiary of the Company along with the Company, has executed a Definitive Agreement dated 22 July 2026 with REFU Drive GmbH (REFU), a joint venture Company of KPTL and REFU Elektronik GmbH.

In terms of the aforesaid Agreement, KPTL has agreed to sell and transfer its entire 50% equity stake, held in REFU to REFU Elektronik GmbH for a consideration of EUR 12,500 (subject to the terms and conditions set out in the Agreement).

Upon completion of the aforesaid transaction, REFU shall cease to be a joint venture of KPTL.