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Rico Auto Industries to incorporate subsidiary as Core Investment Company

09 Dec 2014 Evaluate

Rico Auto Industries has received an approval to incorporate a subsidiary as Core Investment Company as part of its financial structuring for the purpose of holding investments in the group companies and carrying out other non-banking finance company (NBFC) business. The board of directors at their meeting held on December 08, 2014 has approved for the same.

Rico Auto Industries is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe.

Peers
Company Name CMP
SamvardhanaMotherson 158.75
Tube Investments 2169.10
Bosch 47896.65
UNO Minda 1117.10
Bombay Burmah Trdg. 1234.95
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