Igarashi Motors has entered into a Share Purchase agreement (SPA) for sale of 33,70,049 equity shares (9.20%) Face Value Rs 100 each held in Bosch Electrical Drives India (BEDIPL) to the buyer viz., Robert Bosch Investment Netherland B.V, Netherlands (RBNI). RBNI is holding 90.80% stake in BEDIPL.
Igarashi Motors India is engaged in the production and export of permanent Magnet DC Motors.