Jupiter Wagons rallies 4% on Rs 271-crore Bonatrans acquisition
Thu, Mar 21, 2024 10:17 AM

Jupiter Wagons rallies 4% on Rs 271-crore Bonatrans acquisition

A Flip by Riya Sharma
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Shares of Jupiter Wagons rallied 4 percent in the opening trade on March 21 after the company completed the acquisition of Bonatrans India Private Limited (BIPL) for Rs 271 crore through a share purchase agreement with its existing shareholders. The deal has made Bonatrans India a subsidiary of Jupiter Wagons. BIPL, based in Chhatrapati Sambhajinagar (Aurangabad), Maharashtra.

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