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Gujarat Automotive Gears may merge HIM with itself

22 Nov 2013 Evaluate

Gujarat Automotive Gears has received an approval for the proposal to evaluate / explore the opportunities for potential merger / amalgamation of HIM Teknoforge (HIM) with the company. The board of directors at its meeting held on November 21, 2013 has approved for the same.

Gujarat Automotive Gears was established in 1973 at Baroda, India for the manufacture of auto and tractor components. The primary products of the company are transmission gears, axle shafts, propeller shaft components, king pin units, wheel spanners, tractor components, etc.

Peers
Company Name CMP
SamvardhanaMotherson 152.90
Tube Investments 2220.00
Bosch 43490.00
UNO Minda 1110.00
Bombay Burmah Trdg. 1221.10
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