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Autoline Industries plans to sell stake in its U.S. unit

05 Mar 2014 Evaluate

Autoline Industries is planning to sell stake in its U.S. unit. In this regard, the board of directors of the company will meet on March 11 to explore various avenues of raising funds to meet the funding requirements of the company by way of full disinvestment of stock/ shares in Autoline Industries Inc., USA.

Autoline Industries is a manufacturer of pressed sheet metal automotive components and assemblies, and is engaged in design engineering for automotive original equipment manufacturers (OEMs) based in India, the US and Europe.

 

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