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JBM Auto, India sells 15% stake of its electric vehicle subsidiary to an individual promoter

On July 10, JBM Auto announced that it transferred/sold 15 % equity shares of JBM Electric Vehicles Private Limited (a Wholly Owned Subsidiary) to an individual promoter of the company. Due to such a transfer, the shareholding of the company in JBM Electric Vehicles Private Limited has been reduced to 85%. Now JBM El....

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