Automotive component manufacturer Lumax Auto Technologies Limited has completed the acquisition of the remaining 15.97 percent equity stake in its joint venture subsidiary, Lumax FAE Technologies Private Limited. The transactions were concluded on Monday following an initial regulatory intimation filed by the company on May 29, 2026.
Following the completion of the equity transfer from partner firm Francisco Albero SAU, the entity has officially transitioned into a wholly owned subsidiary of Lumax Auto Technologies. In a regulatory disclosure filed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, the company stated that the change in corporate structure takes effect immediately.
Despite the equity buyout, Francisco Albero SAU will continue to extend technical assistance to the entity. The Spanish partner has also permitted Lumax Auto Technologies to continue utilizing the acronym FAE within the subsidiary's corporate identity for a mutually determined period. Management confirmed that the compliance disclosure has been formally cataloged and published on the company's official corporate communications portal.