MoneyWorks4Me

Clutch Auto to sell property located at Faridabad

30 Aug 2012 Evaluate

Clutch Auto's term lenders and bankers have permitted the company to sell the property located on National Highway at Plot No. 1 A, Sector 27-D, Faridabad, proceeds to meet the liabilities of lenders so that the company can reduce its debt burden.

Clutch Auto is India’s largest clutch manufacturer and exporter. It is also the largest supplier of clutches to the commercial vehicle and tractor segment in India. It also caters to the passenger vehicle and replacement demand.

Peers
Company Name CMP
SamvardhanaMotherson 165.60
Tube Investments 2519.15
Bosch 48100.00
UNO Minda 1218.00
Bombay Burmah Trdg. 1435.30
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