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Pricol sells 100% stake in CMWL for Rs 13 crore

27 Jan 2016 Evaluate

Pricol has sold its 100% shareholding in wholly owned subsidiary company -- Coimbatore Metal Works (CMWL) for a consideration of Rs 13 crore. The company has entered into Share Purchase Agreement for Sale of Shares on 21 January 2016. Subsequent to the aforesaid sale Coimbatore Metal Works is no longer a wholly owned subsidiary company of Pricol and no longer a part of Pricol Group.  

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 125.15
Tube Investments 2881.85
Bosch 38196.60
UNO Minda 1143.85
CIE Automotive India 490.60
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