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Corporate News

Atul Auto Limited invested Rs 18.34 crore in subsidiary Khushbu Auto Finance Limited
01-Oct-2026, 08:58

Atul Auto Limited invested Rs 18.34 crore by way of subscription in its wholly-owned subsidiary, Khushbu Auto Finance Limited (KAFL), on a rights basis, bringing its total investment in KAFL to Rs 96.15 crore. The investment, made on September 30, 2026, will be used to redeem preference shares held by promoters of Atul Auto Limited in KAFL, which is a non-banking finance company primarily engaged in financing three-wheelers manufactured by Atul Auto Limited.