26 Jun 2025

Wheels India Shares Gain 2.69%, Board Approves Stake Hike in Axles India

Wheels India is currently trading at RS. 790.00, up by 20.70 points or 2.69% from its previous closing of RS. 769.30 on the BSE.

The stock opened at RS. 780.30 and touched an intraday high of RS. 798.00 and a low of RS. 777.75. A total of 930 shares have been traded on the counter so far.

Classified under the BSE group 'B', the stock with a face value of RS. 10 hit a 52-week high of RS. 914.55 on July 8, 2024, and a 52-week low of RS. 548.00 on March 3, 2025. During the past week, the stock traded between RS. 798.00 and RS. 733.05. The company's current market capitalization stands at RS. 1903.58 crore.

As per the latest shareholding pattern, promoters hold 58.31%, while Institutions and Non-Institutions own 12.06% and 29.63% respectively.

In a key development, Wheels India has received board approval to acquire 7,64,533 equity shares of Axles India from Forge 2000 for a total consideration of RS. 22.68 crore. This acquisition will increase Wheels India's stake in Axles India from 9.51% to 12.51%. The transaction is expected to be completed before August 31, 2025.

Wheels India is engaged in the design, manufacture, and sale of automobile wheels across India.