Rico Auto Industries has divested its entire 50% stake in Continental Rico Hydraulic Brakes India, its erstwhile joint venture with Continental AG, Germany, by way of sale of its entire stake to Continental Automotive Holding Netherlands BV, a Continental Group Company. Continental Rico Hydraulic Brakes India is now entirely a Continental Group held company.
Further, the aforementioned divesture has been completed in accordance with the pricing guidelines issued by the Reserve Bank of India.
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.
Company Name | CMP |
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SamvardhanaMotherson | 131.45 |
TVS Holdings | 11018.60 |
Bosch | 30896.25 |
UNO Minda | 755.00 |
Varroc Engineering | 582.80 |
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