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PPAP Automotive sells entire 50% stake in PPAP Tokai India Rubber

13 Feb 2026 Evaluate

PPAP Automotive (PPAP) has sold its entire 50% stake in PPAP Tokai India Rubber (PTI), Joint Venture Company, to Tokai Kogyo Co. (Tokai). PTI ceases to be a joint venture company of PPAP and Tokai with effective from February 13, 2026. The consideration received from the sale is Rs 100 crore. 

PPAP Automotive (PPAP) is a leading manufacturer of Automotive Sealing Systems, Interior and Exterior Automotive parts in India.

Peers
Company Name CMP
SamvardhanaMotherson 164.50
Tube Investments 2580.40
Bosch 47711.40
UNO Minda 1223.50
Bombay Burmah Trdg. 1449.80
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