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Pricol executes BTA for sale of non-core business

29 Sep 2014 Evaluate

Pricol has executed a Business Transfer Agreement (BTA) with Suprajit Engineering, Bangalore for sale of company’s Automotive Speedo Cable Business (a non-core business) which had estimated annual sales of Rs 100 million, on a slump sale basis.

Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.

Peers
Company Name CMP
SamvardhanaMotherson 129.30
Tube Investments 2961.00
Bosch 38320.00
UNO Minda 1142.35
CIE Automotive India 470.80
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