Lumax Auto Technologies Board approved sale of entire 50% stake in joint venture Lumax Jopp Allied Technologies to partner Jopp Holding GmbH.
The JV contributed 0.35% to consolidated revenue and negligible net worth as of March 31, 2026.
Transaction consideration is ₹1.52 lakh for 70.55 lakh shares, expected completion by June 30, 2026.
Sale aligns with company's Northstar vision and mid-term plan for sharper business focus.