LUMAX AUTO TECHNOLOGIES LTD. - 532796 - Update On The Acquisition Of Automotive Roto Moulded Plastic Auto Component Business Of OK Play India Limited And OK Play Auto Private Limited By Way Of Slump Sale Arrangement
With reference to the Binding Offer issued by the Company i.e. Lumax Auto Technologies Limited ('LATL') for acquisition of Auto Component Business of OK Play Group and corresponding disclosure made to the stock exchange pursuant to approval granted by Board of Directors of LATL at its Board Meeting held on February 24, 2020, we would like to inform you that due to unprecedented pandemic situation and extended lockdowns disrupting business continuity, the proposed acquisition (referred above) is being put on hold pending further review and appropriate decision in future.13-06-2020