Cams Technology has acquired 50,000 equity shares of Precision Camshafts (PCL) on December 9, 2019 being 0.05% of the total paid-up equity share capital of PCL. After acquisition of stake the shareholding of the entity in Precision Camshafts has increased to 65.28%.
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.