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Varroc Engineering’s arm completes acquisition of 100% stake in TRI.O.M. S.p.A.

04 Aug 2018 Evaluate

Varroc Engineering’s wholly owned subsidiary -- Aries Mentor Holding BV, Netherlands has acquired 6,60,114 shares of TRI.O.M. S.p.A. from the existing minority shareholder Alessio Caputo, on August 03, 2018, resulting increase in shareholding of Aries Mentor Holding B.V. in TRI.O.M. S.p.A. Italy to 100%. Consequently, TRI.O.M. S.p.A. Italy has become wholly owned step-down subsidiary of the company.

Varroc Engineering is engaged in design, manufacture and supply of exterior lighting systems, plastic and polymer components and precision metallic components to passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle directly worldwide.

Peers
Company Name CMP
SamvardhanaMotherson 162.00
Tube Investments 2612.50
Bosch 47840.10
UNO Minda 1207.00
Bombay Burmah Trdg. 1398.95
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