JBM Auto Shares Rise on Report of Fortum EV Charging Arm Acquisition
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JBM Auto Shares Rise on Report of Fortum EV Charging Arm Acquisition

JBM Auto shares surged over 6% on Tuesday following a report that the company is set to acquire a majority stake in Fortum's Indian electric vehicle charging arm, GLIDA. This potential deal, which would be a significant exit for a Nordic power company from India, boosted trading volume. The stock later pared some gains but remained higher. The NSE has requested clarification from JBM Auto regarding the reported acquisition.

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