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.
The market for automotive heat shields is highly fragmented, with numerous dishonest manufacturers offering subpar heat shields that leave OEMs with a terrible taste due to subpar products.Wilmington, Delaware, United States, Nov. 15, 2023 (GLOBE NEWSWIRE) Transparency Market Research Inc. -The global automotive heat shield market was estimated at a value of US$ 12.23 billion in 2020. It is anticipated to register a 3.10% CAGR from 2021 to 2031 and by 2031, the market is likely to attain US$
Talbros Automotive shares gained 6.50% intraday to Rs 247.55 against the previous close of Rs 232.55 on BSE. Market cap of the firm rose to Rs 1493.20 crore