Jupiter Wagons Limited (NSEI:JWL) agreed to acquire 94.25% stake in Bonatrans India Private Limited for INR 2.7 billion on March 20, 2024. The consideration consists of INR 2.71 billion in cash. As part of the consideration, INR 2.71 billion was paid towards common equity. Bonatrans India Private Limited reported the total revenue of approximately INR 640 million in the financial year 2023. Board of Directors of Jupiter Wagons Limited (NSEI:JWL) has approved the acquisition of Bonatrans India Private Limited. The transaction is expected to close within 30 days.

Jupiter Wagons Limited (NSEI:JWL) completed the acquisition of 94.25% stake in Bonatrans India Private Limited on March 20, 2024.