Talbros Automotive Components has received approval 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 crore. The expected date of completion of sale/disposal is January 31, 2024. The Board of Directors of the Company at its meeting held on December 22, 2023 has approved the same.
Talbros Automotive Components, the flagship manufacturing company of the Talbros Group was established in the year 1956 to manufacture Automotive & Industrial Gaskets in collaboration with Coopers Payen of UK.
