LG Balakrishnan planning to divest stake in JV Company

LG Balakrishnan & Bros Ltd. | Auto Ancillary | Automobiles | BSE: 500250 | NSE: LGBBROSLTD

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.

Peers

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SamvardhanaMotherson	165.60
Tube Investments	2519.15
Bosch	48100.00
UNO Minda	1218.00
Bombay Burmah Trdg.	1435.30
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
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Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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