India's JBM Auto jumps 10% on report Bain Capital in talks to invest in EV unit
21/08/2026 08:57
BUZZ-India's JBM Auto jumps 10% on report Bain Capital in talks to invest in EV unit ** Shares of automotive and EV firm JBM Auto JBMA.NS rise as much as 9.9% to 685 rupees, hitting their highest level since July 30
** Bain Capital is in talks for a significant minority stake or joint control in JBM Auto's electric vehicle manufacturing unit, newspaper Economic Times reported citing sources
** Bain may infuse 28.50 billion rupees ($297.68 million) in the JBM unit, the report said
** JBM Auto and Bain Capital did not immediately respond a Reuters' request for comment
** For the quarter ended June 30, revenue from JBMA's EV business rose 17% y/y and accounted for 32% of co's overall revenue
** Stock last up 6.5%, taking YTD gains to 5.6%
($1 = 95.7400 Indian rupees)
(Reporting by Nishit Navin in Bengaluru)
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