Bengaluru, April 9 -- The shares of Automotive components manufacturing company jumped upto 5 percent in the day's trade followed by strategic Acquisition of 51.01 percent stake in Astro Motors Private Limited

Share Price Movement

With a market capitalization of Rs 439 Cr.the stock of Remsons Industries Ltd opened at Rs.122.95, up 3.58 percent from yesterday's close, and after opening, it made a high of Rs.127.05.

What Happened

The Board of Directors approved the acquisition of a 51.01% stake in Astro Motors Pvt Ltd on April 9, 2025. This includes subscribing to 62,500 new equity shares and acquiring 26,400 shares from existing promoters through a preferential issue.

Astro Motors Private Limited is currently engaged in the business o...