Moneycontrol BureauAuto ancillary company JMT Auto was locked at upper circuit on Monday. The company, through its Singapore-based SPV, has acquired Germany based REGE Holding GmbH.This acquisition is funded at overseas subsidiary level.Recently in the month of June, the company had issued bonus shares in the ratio of 1:1 and also adjusted its price by sub-division of its equity share having face value of Rs 10 into 5 equity shares of face value of Rs 2 each fully paid-up.At 09:27 hrs JMT Auto was quoting at Rs 95.05, up Rs 4.50, or 4.97 percent. It has touched a 52-week high of Rs 95.05 on the BSE.There were pending buy orders of 515,692 shares, with no sellers available.The share price advanced 226 percent in last one month.Posted by Rakesh Patil
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