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Igarashi Motors enters into SPA for sale of stake in BEDIPL

11 Mar 2021 Evaluate

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.

Peers
Company Name CMP
Waaree Energies 2428.00
Apar Industries 14205.10
Havells India 1158.00
Suzlon Energy 38.79
Siemens 3645.50
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