JBM Auto Ltd. has divested its 100% equity stake in MH Ecolife Emobility Pvt Ltd. effective October 14, 2025. MH Ecolife Emobility is now a wholly-owned subsidiary of JBM Ecolife Mobility Pvt Ltd. This strategic move aims to consolidate business operations and sharpen the company’s focus on specific sectoral business areas. The transaction involved a consideration of ₹17.16 Crore.
Strategic Divestment
JBM Auto Limited has completed the sale of its entire stake in MH Ecolife Emobility Pvt Ltd. The transaction, effective as of October 14, 2025, involves a 100% divestment of JBM Auto’s equity in MH Ecolife Emobility.
Transaction Details
The total consideration received from this sale amounts to ₹17,16,65,830 (Rupees Seventeen Crore Sixteen Lakhs Sixty Five Thousand Eight Hundred and Thirty only). As a result of this transaction, MH Ecolife Emobility is now a wholly-owned subsidiary of JBM Ecolife Mobility Pvt Ltd.
Rationale for Divestment
This divestment aligns with JBM Auto’s strategy to consolidate its business operations and concentrate on specific sectors within the company. The sale allows JBM Auto to streamline its focus and resources.
Financial Impact
As of March 31, 2025, MH Ecolife Emobility contributed 1.26% to JBM Auto’s turnover, amounting to ₹6910.45 Lakhs. The net worth contribution from MH Ecolife Emobility was 2.58%.
Source: BSE
