Rico Auto touches the roof on divesting 50% stake in Continental Rico Hydraulic Brakes India

Rico Auto Industries Ltd. | Auto Ancillary | Automobiles | BSE: 520008 | NSE: RICOAUTO

29 Feb 2012 Evaluate

Rico Auto Industries is currently locked at its upper circuit limit of Rs. 12.96, up by 2.16 points or 20.00% from its previous closing of Rs. 10.80 on the BSE.

The scrip opened at Rs. 11.80 and has touched a high and low of Rs. 12.96 and Rs. 11.80 respectively. So far 7,86,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 19.55 on 13-Apr-2011 and a 52 week low of Rs. 7.56 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 12.96 and Rs. 10.26 respectively. The current market cap of the company is Rs. 175.00 crore.

The promoters holding in the company stood at 50.10% while Institutions and Non-Institutions held 0.04% and 49.85% respectively.

Rico Auto Industries has received an approval for the proposed divestment of the entire 50% stake of the company in Continental Rico Hydraulic Brakes India by way of sale of the entire stake to Continental Automotive Holding Netherlands BV, a Continental Group Company. Upon completion of the proposed divestment, Continental Rico Hydraulic Brakes India will be entirely a Continental Group held company.

The divestment will be completed subject to completion of customary conditions precedent and will be in accordance with the pricing guidelines issued by the Reserve Bank of India.

Continental Rico Hydraulic Brakes India is the joint venture between Rico Auto Industries with Continental AG, Germany.

Rico Auto is a dynamic world-class engineering company, supplying a broad range of high precision fully machined ferrous and aluminium components and assemblies to automotive OEMs globally. The company enjoys an excellent reputation in terms of customer focus, quality and cost-competitiveness.

Rico Auto Inds Share Price

126.35 2.25 (1.81%)

08-May-2026 16:59 View Price Chart

Peers

Company Name	CMP
SamvardhanaMotherson	131.95
Tube Investments	3048.15
Bosch	38138.45
UNO Minda	1178.05
CIE Automotive India	474.85
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