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Precision Camshafts acquires remaining 5% stake in MEMCO Engineering

05 Apr 2019 Evaluate

Precision Camshafts (PCL) has acquired remaining 5% Equity Shares in MEMCO Engineering, having registered office at F-5, Satpur MIDC, Nashik, Maharashtra. The company had earlier acquired 95% equity shares of MEMCO with the objectives of expanding its business operations. After acquisition of balance 5% equity shares from the existing shareholders, MEMCO is wholly owned subsidiary of PCL.

Precision Camshafts is one of the world’s leading manufacturers and supplier of camshafts, a critical engine component, in the passenger vehicle segment based on its estimated global market share by volume.

Precision Camshafts Share Price

168.75 5.70 (3.50%)
08-May-2026 16:59 View Price Chart
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