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WABCO India has informed that based on the decision of the Board on March 31, 2016, the Company has entered into an agreement which is on arms-length basis with  WABCO Europe BVBA, a related party for payment of royalty at the rate of 4% on the net sales for using the licensed intangibles and technical knowhow.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
SamvardhanaMotherson 164.50
Tube Investments 2580.40
Bosch 47711.40
UNO Minda 1223.50
Bombay Burmah Trdg. 1449.80
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