StageAcq - Fin | Alive
Meridian Rack & Pinion, dba Buy Auto Parts, is a provider of aftermarket and OEM replacement automotive parts, which it sells through both wholesale channels and online at www.BuyAutoParts.com. Meridian distributes a targeted set of product lines, which include replacement turbochargers, air conditioning parts, steering racks, and suspension components.
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Latest BuyAutoParts.com News
Dec 30, 2022
ADVERTISEMENT Shares of Craftsman Automation Ltd. jumped after the company agreed to buy a 76% stake in auto-component maker DR Axion India Pvt.The company will acquire 8.57 crore equity shares, representing 76% of the total equity share capital on a fully diluted basis, for Rs 375 crore. The acquisition will be completed before March 31.DR Axion manufactures aluminum cylinder heads, a critical auto component used in PVs as an outer shell for inte... Shares of Craftsman Automation Ltd. jumped after the company agreed to buy a 76% stake in auto-component maker DR Axion India Pvt. The company will acquire 8.57 crore equity shares, representing 76% of the total equity share capital on a fully diluted basis, for Rs 375 crore. The acquisition will be completed before March 31. DR Axion manufactures aluminum cylinder heads, a critical auto component used in PVs as an outer shell for internal combustion engines. It has a single manufacturing unit in Chennai that is involved in low-pressure and gravity-die-casting processes. The company reported a turnover of Rs 715.9 crore for fiscal 2022. Shares of the company surged 10.78% to Rs 3,610 apiece as of 12 p.m., compared with a 0.03% decline in the benchmark Nifty 50. The total traded quantity so far in the day is 16.6 times the 30-day average volume. Of the eight analysts tracking the company, seven maintains a 'buy', and one recommends 'sell', according to Bloomberg data. The 12-month consensus price target implies a downside of 5.4%. ALSO READ
BuyAutoParts.com Frequently Asked Questions (FAQ)
When was BuyAutoParts.com founded?
BuyAutoParts.com was founded in 1989.
Where is BuyAutoParts.com's headquarters?
BuyAutoParts.com's headquarters is located at 6740 Cobra Way, San Diego.
What is BuyAutoParts.com's latest funding round?
BuyAutoParts.com's latest funding round is Acq - Fin.
Who are the investors of BuyAutoParts.com?
Investors of BuyAutoParts.com include Gladstone Capital Corporation and Gladstone Investment.
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