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India Motor Parts & Accessories gets nod to sell stake held in M/s Transenergy
Mar-22-2023

India Motor Parts & Accessories has received an approval from board of directors to sell 31,812 equity shares of M/s. Transenergy for a total consideration of Rs 2.72 crore excluding stamp duty and other charges, if any to M/s Sundaram Finance Holdings. Consequent to selling of the aforesaid equity shares, the company’s stake in Transenergy will reduce from 22.00% to 15.00%. The Board of Directors at their meeting held on March 21, 2023 has approved the same.

India Motor Parts & Accessories is one of the largest all India distributors for automobile spare parts.

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