Autoline Industries is planning to sell 100% stake in its wholly owned subsidiary (WOS) -- Autoline Industries USA -- for $8.5 million. The deal is subject to due diligence and other conditions precedent to the transaction.
Meanwhile, Autoline Industrial Parks, a subsidiary of the company, has received ‘Locational Clearance’ from Urban Development Department, Government of Maharashtra, Mumbai.
Autoline Industrial Parks has acquired further land and taken necessary steps to obtain the Locational Clearance for the land (104 Acres under Special Township Project) located at Mahalunge, Chakan Tal: Khed, Dist: Pune as per requirements of Urban Development Department, Government of Maharashtra.
Autoline Industries is a manufacturer of pressed sheet metal automotive components and assemblies, and is engaged in design engineering for automotive original equipment manufacturers (OEMs) based in India, the US and Europe.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 169.95 |
| Tube Investments | 2963.00 |
| Bosch | 48700.00 |
| UNO Minda | 1272.50 |
| Motherson SumiWiring | 40.31 |
| View more.. | |
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