India's Lumax Auto rises after tribunal approves merger of units

Lumax Auto Technologies

19/02/2024 05:25

** Shares of Lumax Auto Technologies  LUAT.NS  up 8.23% to
465 rupees
    ** India tribunal sanctions merger scheme between co's units
IAC International Automotive India and Lumax Integrated Ventures
    ** Shares above 200- day moving avg since late-Feb 2023
    ** Stock up 20.3% this year so far, following four
consecutive years of gains

 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))