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JUPITER WAGONS LIMITED — M&A Activity 2024
Mar 20, 2024
60673_rns_2024-03-20_256916a8-ab81-40dc-9679-d9e91a278251.pdf
M&A Activity
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March 20, 2024
To, The Corporate Relationship Department, The Manager, Listing Department, BSE Limited , National Stock Exchange of India Limited , Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai - 400 001. Mumbai - 400 051. Security Code: 533272 NSE Symbol : JWL
Sub : Intimation pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements), Regulation, 2015 – Completion of acquisition of Bonatrans India Private Limited
In pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015) and in continuation of our disclosure w.r.t. outcome of Board Meeting dated March 20, 2024, we are pleased to inform that Jupiter Wagons Limited has completed the acquisition of Bonatrans India Private Limited by entering into Share Purchase Agreement with existing shareholders, which is approved by the Board of Directors of Bonatrans India Private Limited today, i.e. March 20, 2024. Post acquisition, the Bonatrans India Private Limited has become the Subsidiary Company of Jupiter Wagons Limited.
This Strategic Investment for acquisition of Bonatrans India Private Limited marks an important milestone in our business growth expansion plans.
The aforesaid information may be treated as compliance under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Yours Faithfully,
For Jupiter Wagons Limited
(Formerly Commercial Engineers & Body Builders Co Limited)
RITESH Digitally signed by RITESH KUMAR SINGH KUMAR SINGH Date: 2024.03.20 21:47:54 +05'30'
Ritesh Kumar Singh
Company Secretary and Compliance Officer
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