Joint Venture22 Dec 2023, 09:01 pm
Talbros Automotive Components Limited to Divest 40% Stake in Joint Venture Company
AI Summary
Talbros Automotive Components Limited (TACL) has approved the divestment of its entire 40% stake in Nippon Leakless Talbros Private Limited (LTL) to Nippon Leakless Corporation (Japan) and Leakless Gasket (India) Private Limited for Rs. 81.80 Cr. The transaction is not a related party transaction and is expected to be completed by 31st January 2024.,
Key Highlights
- TACL to divest 40% stake in LTL to Nippon Leakless Corporation and Leakless Gasket (India) Private Limited
- Consideration received of Rs. 81.80 Cr
- Transaction not a related party transaction