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Menon Bearings sells entire stake in Flyga Auto

23 Mar 2017 Evaluate

Menon Bearings has transferred its entire stake held in its wholly owned subsidiary -- Flyga Auto. Consequently, Flyga Auto ceases to be subsidiary of the company with effect from March 22, 2017. Flyga Auto engaged in dealing and distribution of Automobiles and parts thereof and any other ancillary business.

Menon Bearings is an auto part manufacturing company, promoted by the Flagship of Menon Group to manufacture world class thin walled bimetallic engine Bearings, Bushes and Thrust Washers.

Peers
Company Name CMP
Schaeffler India 3672.15
Timken India 2890.80
SKF India 1449.40
NRB Bearings 490.65
Menon Bearings 282.45
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