Banco Products (India) has transferred the gasket division of the company to its own subsidiary company - Banco Gasket (India), Baroda with effect from March 31, 2012.
Last year in July, the company had executed share purchase agreement with its wholly owned subsidiary - Lake Minerals (Mauritius) for transfer of the company's holding of 42,923 equity shares which constitutes 95% of Kilimanjaro Biochem at a consideration of $3.51 million.
Banco Products (India) has been a dedicated supplier of high quality engine cooling components and engine sealing gaskets to the automotive industry for over four decades. It offers complete line of radiators, intercoolers, oil-coolers and all types of engine gaskets.
