Rico Auto industries along with its step down subsidiary, Rasa Autocom, has completed the acquisition of 2,11,20,000 equity shares having a face value of Rs 10 each of its Magna Rico Powertrain from the other Magna Powertrain GMBH at the rate of Rs 4.05 per share for a total consideration of Rs 8.56 crore.
Post the completion of acquisition of above equity shares, Magna Rico Powertrain has now become a subsidiary of Rico Auto Industries and Rico Auto Industries, along with its step down subsidiary, Rasa Autocom holds the entire share capital of Magna Rico Powertrain.
Rico Auto Industries is engaged in the manufacturing of clutch and crank case. The company is engaged in the manufacturing and sale of auto components for two wheelers and four wheelers.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: