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Talbros Automotive surges on plans to enter into JV with Marugo Rubber Industries

17 Aug 2012 Evaluate

Talbros Automotive is currently trading at Rs. 36.55, up by 0.40 points or 1.11% from its previous closing of Rs. 36.15 on the BSE.

The scrip opened at Rs. 36.95 and has touched a high and low of Rs. 37.70 and Rs. 36.40 respectively. So far 2245 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 49.65 on 18-Aug-2011 and a 52 week low of Rs. 32.15 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 42.30 and Rs. 34.80 respectively. The current market cap of the company is Rs. 45.68 crore.

The promoters holding in the company stood at 45.56% while Institutions and Non-Institutions held 6.61% and 47.83% respectively.

Talbros Automotive Components has received its board’s approval for entering into definitive agreements for a Joint Venture (JV) with Japan based Marugo Rubber Industries, which designs and manufactures rubber products such as anti vibration products, bushes and rubber hoses etc. for supply to several OEMS such as Suzuki, Mitsubishi, Fuso, ISUZU and Nissan.

The JV company would undertake the business of designing, development and manufacturing of rubber to metal bonded anti vibration products (suspension bushes, engine mounts, strut mounts) and hoses for the Indian OEM market for automotive applications.

In this connection, rubber business owned by the company shall be transferred to the proposed Joint Venture Company to be owned by Marugo Rubber Industries, Japan (50% + 1 Share) and the Company (50% - 1 Share). The sale of business by the company is subject to the approval of shareholders by postal ballot and other customary closing conditions.

Talbros Automotive Components the flagship manufacturing company of the Talbros Group was established in the year 1956 to manufacture Automotive and Industrial Gaskets in collaboration with Coopers Payen of UK, now Federal Mogul Sealing Systems (Slough) UK. Their research and development Centres showcase their design capabilities including endurance, static and simulated environment testing. Today, their manufacturing prowess spans over 6 business and 12 facilities.

Talbros Auto Compont Share Price

274.70 5.45 (2.02%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
SamvardhanaMotherson 125.00
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Bosch 37505.60
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CIE Automotive India 490.15
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