Pursuant to Regulation 30 and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Talbros Automotive Components has informed that at its meeting held today on 22nd December, 2023, the Board of Directors of the Company has approved to divest and sell its entire 40% stake in Nippon Leakless Talbros (LTL), (joint venture between the Company and Nippon Leakless Corporation, Japan), constituting of 48,00,000 fully paid-up equity shares of Rs 10 each, to Nippon Leakless Corporation (Japan) (Buyer-1) and Leakless Gasket (India) (Buyer-2) at Rs 81.80 Cr. The Board also approved to execute Share - Purchase and other requisite Agreements/documents. The requisite details as specified in Para A of Part A of Schedule III of SEBI Listing Regulations read with the SEBI Circular attached as Annexure-I.
The above information is a part of company’s filings submitted to BSE.