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Rico Auto Industries divests 50% stake in FCC RICO

23 Dec 2014 Evaluate

Rico Auto Industries has divested its entire 50% stake in FCC RICO, its erstwhile joint venture with FCC Company, Japan, on December 23, 2014, by way of sale of its entire stake to affiliates of FCC Company, Japan which are FCC Group Companies. FCC RICO is now entirely a FCC Group held company.

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 164.35
Tube Investments 2587.05
Bosch 47739.95
UNO Minda 1227.70
Bombay Burmah Trdg. 1449.25
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