Jupiter Wagons acquires 94.25% stake in Bonatrans India for Rs 271 crore in 30 days, pending approvals.
Jupiter Wagons, a West Bengal-based railway wagon manufacturer, is acquiring 94.25% stake in Bonatrans India Private Limited for Rs 271 crore to meet its captive requirements and cater to evolving demand in the domestic and export market. Bonatrans India manufactures components of rolling stocks like wheels, axles, and wheel sets. The acquisition is expected to complete within 30 days, pending necessary approvals.
March 20, 2024
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