India's Lumax AutoTech gains on buying stake in alternate fuels business

Lumax Auto Technologies

27/11/2024 06:34

** Lumax AutoTechnologies  LUAT.NS  rises 3.8% to 532
rupees, highest since Oct. 22
    ** Auto parts maker's unit completes buying 60% stake in
Greenfuel Energy Solutions' alternate fuels business for 1.53
bln rupees ($18 mln)
    ** Acquisition marks co's foray into green and alternate
fuels segment
    ** LUAT sees busiest day in more than a month, with over
225,000 shares traded
    ** Stock up 33% YTD

($1 = 84.4520 Indian rupees)

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