Auto components manufacturer Jay Bharat Maruti (NSE:JAYBARMARU, BOM:520066) has increased its shareholding in JBM OGIHARA Die-Tech to 49% from 39%, according to a Thursday filing to the Indian stock exchanges.
The additional 10% stake has been acquired from its joint venture partner OGIHARA Thailand.
JBM OGIHARA, a joint venture between Jay Bharat, JBM Auto and OGIHARA Thailand, is in the business of manufacturing and selling press stamping dies, particularly high-tensile and critical BIW dies.
Shares of the company were up over 4% in recent trade.
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