MoneyWorks4Me

Sona Koyo Steering to merge Sona Stampings with itself

15 May 2013 Evaluate

Sona Koyo Steering Systems has received an approval for merger of Sona Stampings into itself. The board of directors at its meeting held on May 15, 2013 has approved for the same. Sona Stampings is a subsidiary company of Sona Koyo Steering Systems.

Sona Koyo Steering Systems started operations as a supplier of steering systems to Maruti Suzuki India (MSIL), in technical and financial collaboration with JTEKT Corporation (Japan) along with equity participation by MSIL.

Peers
Company Name CMP
SamvardhanaMotherson 164.40
Tube Investments 2605.00
Bosch 47800.00
UNO Minda 1240.00
Bombay Burmah Trdg. 1510.30
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