Lumax Auto Technologies has completed the acquisition of the remaining 15.97% equity stake in Lumax FAE Technologies (LFAE) from Francisco Albero SAU (FAE), today i.e., 29 June 2026.
Accordingly, LFAE has become a wholly owned subsidiary of the company with effect from 29 June 2026. However, FAE will continue to provide technical support to LFAE and has permitted the use of “FAE” in the name of LFAE for a mutually agreed period.
Disclaimer: No Business Standard Journalist was involved in creation of this content
First Published: Jun 29 2026 | 8:05 PM IST
