LATL's acquisition provides them access to Greenfuel's existing client base, which includes major automotive manufacturers like Maruti Suzuki, Tata Motors, and Volvo Eicher Commercial Vehicles ...

The acquisition has been carried out through company's wholly-owned subsidiary Lumax Resources Pvt Ltd and funded through a combination of debt and internal accruals, Lumax Auto Technologies Ltd (LATL ...

Shares of Lumax Auto Technologies surged over 5 percent after the company entered the green and alternate fuels market with the acquisition of a 60 percent stake in Greenfuel Energy Solutions for ...