Castrol India Ltd has announced acquisition of 7.09% stake in Ki Mobility Solutions Pvt Ltd with a planned investment of upto ₹ 487.5 Crores, marking CIL s largest all-cash deal till date.
Castrol India Ltd. has agreed to pick up a stake in TVS Group-controlled Ki Mobility Solutions Pvt., in what would be its largest all-cash deal yet.
The lubricant maker will acquire in two tranches a 7.09% stake in the Madurai-based online-to-offline aftermarket service platform for a total consideration of Rs 487.5 crore, according to an exchange filing on Friday.
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