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Rico Auto Industries purchases remaining stake in subsidiary

09 Jul 2021 Evaluate

Rico Auto Industries has purchased 12,00,000 equity shares having a face value of Rs 10 of its Subsidiary Company namely Rico Investments (RIL) from its existing shareholders at a price of Rs 10.00 per share. After this purchase, the company holds entire (100%) Equity Share Capital of RIL and consequently, RIL has now become a Wholly Owned Subsidiary of Rico Auto Industries.

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.

Rico Auto Industries Share Price

137.10 -0.85 (-0.62%)
03-Jul-2026 16:59 View Price Chart
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