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LG Balakrishnan planning to divest stake in JV Company

23 Aug 2018 Evaluate

LG Balakrishnan & Brothers is planning to divest stake in joint venture (JV) Company -- Renold Chain India. The company will explore the potential acquisition of allied auto components business opportunities. The meeting of the Board of Directors of the company is scheduled to be held on August 30, 2018, to consider the same.

LG Balakrishnan & Brothers is a transport company. The company is engaged in the business of manufacturing chains, sprockets and metal formed parts for automotive applications. The company’s segments include transmission, metal forming and others.

LG Balakrishnan&Bros Share Price

1786.05 8.85 (0.50%)
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