Rico Auto Industries’ subsidiary company -- Rico Fluidtronics has acquired 95,00,000 equity shares of face value of Rs 10 each at par representing 20% stake in the paid-up equity share capital of Rico Jinfei Wheels (RJWL) - a Step-Down Subsidiary Company.
Post this acquisition, the company through its two subsidiaries namely Rico Investments and Rico Fluidtronics shall hold 94.79% stake in the equity share capital of RJWL.
Rico Auto Industries is a world-class engineering company supplying a wide range of high precision fully machined aluminum and ferrous components and assemblies to automotive OEMs across the globe.
