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Pricol’s arm becomes 51% JV of DENSO Corporation

25 Apr 2013 Evaluate

Pricol’s erstwhile wholly owned subsidiary- Pricol Components had issued 51, 00,000 equity shares having face value of Rs. 10 each to DENSO Corporation, Japan on April 23, 2013. Consequent to the above, Pricol Components has become a 51:49 Joint Venture (JV) Company of DENSO Corporation and Pricol.

Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.

Peers
Company Name CMP
SamvardhanaMotherson 125.75
Tube Investments 2918.35
Bosch 38325.05
UNO Minda 1142.50
CIE Automotive India 489.65
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