JBM Tools has sold its entire investment of 64.8 lakh shares of Rs 10 each in JBM Sungwoo (an unlisted company) to Tata AutoComp (TACO) Systems, at a total consideration of Rs 16.2 crore. Last year, Taco acquired a 29.46% stake in JBM Tools at Rs 24.87 per share by way of inter-se transfer among promoters. Post-acquisition, Taco owns 30.7% and and Tata Industries 48.8%. Taco acquired the 29.46% stake from the SK Arya group, which together with the Tatas promoted the company. With Taco buying out SK Arya’s entire stake, management control now lies with Taco.