Indica Industries Private Limited acquired remaining 50% stake in Indica Automotive Limited from Autins Group plc (AIM:AUTG) for £0.3 million on September 29, 2023. Autins Group will use proceeds of sale for general working capital and growth plan requirements. For FY22 Indica Automotive reported operating loss of £0.054 million. James Moat and Asha Chotai of Singer Capital Markets Securities Limited acted as financial advisor to Autins Group plc.

Indica Industries Private Limited completed the acquisition of remaining 50% stake in Indica Automotive Limited from Autins Group plc (AIM:AUTG) on September 29, 2023.