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Autoline Industries gets nod to sell stake in USA based Autoline Industries Inc.

20 Mar 2014 Evaluate

Autoline Industries has received an approval to dispose of assets / disinvestment of stock/ shares of company’s wholly owned subsidiary (WOS) - Autoline Industries Inc., USA and authorized the Executive Committee to look for suitable offer and finalize the deal. The board of directors at its meeting held on March 19, 2014 has approved for the same.

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.

Peers
Company Name CMP
SamvardhanaMotherson 157.50
Tube Investments 2338.60
Bosch 45599.85
UNO Minda 1115.00
Bombay Burmah Trdg. 1334.15
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