Post the stake sale by TACL, Nippon Leakless will own 100% of the company. TACL will realize INR 81.8 crores for its entire 40% equity stake sale. (JV Company valued at INR 204.5 crores). This transaction is subject to certain conditions precedent and is expected to be completed in Q4FY24, the company said in a media release.
Acma Annual Convention: A joint research report by ACMA and McKinsey & Co. themed ‘Mobility 360° – Sustainability for competitiveness’, was also released during the event. The study provides a deep dive into the growing importance of sustainability, energy decarbonization, material circularity, and the need for cost-efficient alternatives. The report also highlights that the automotive and auto ancillary industry can play a significant role in India’s mission to achieve net-zero emissions by 2070 and generate greater value and growth.
Bharat- NCAP norms to benefit consumers, enhance safety, say automakers thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.