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Lumax Auto to acquire roto moulded plastic auto components business of OK Play Group

Business Finance

Capital Market 

The Board of Lumax Auto Technologies at its meeting held on 24 February 2020 has approved the acquisition of roto moulded plastic Auto Component Business of OK Play Group comprising of OK Play India and OK Play Auto.

The acquisition will provide Lumax Auto Technologies access to latest roto moulding technologies and will enable LATL to exploit fast-emerging growth opportunities in the automotive rota moulded plastic fuel tanks market for commercial vehicles, tractors and offroad vehicles in view of changing regulatory environment.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, February 25 2020. 10:00 IST