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Mergers & Acquisitions | 10 October 2012

JBM Group Buys JV Partner's Stake In TSNA

by Vivek Singh
JBM Group Buys JV Partner's Stake In TSNA
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Auto Component- maker JBM Group has acquired the entire stake in its 50:50 JV - Thai Summit Neel Auto from its partner - Thai Summit Group, according to BS.

Post acquisition, TSNA will be renamed as Neel Auto Private Limited, under the JBM group.

The 50:50 JV, which was incorporated in 2003, supplies automotive components to two wheeler and three wheeler OEM in the country.

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Myntra acquires Jabong for $70 million

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