JBM Auto – Moving up the value chain

JBM Auto – Acquisition

JBM Auto Limited has acquired 37% equity shareholding in VT Emobility Private Limited with the following financial details:

• Cash consideration: Rs. 9,25,000 for 92,500 Equity shares of Rs. 10 each.
• Cash consideration: Rs. 8,84,46,600 for 8,84,466 Preference shares of Rs. 100 each.
• VT Emobility Private Limited’s turnover for the year ended March 31, 2023, was Rs. 35.32 crores.

Brief Background of the Entity Acquired:

Last three years’ turnover:
2020-21: Nil
2021-22: Rs. 23.41 crores
2022-23: Rs. 35.32 crores
Presence: The acquired entity is present in India.