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.
Talbros to divest 40% stake for Rs 81.8 crore in JV with Nippon financialexpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financialexpress.com Daily Mail and Mail on Sunday newspapers.
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
Team Republic Bank's Abijah Phillip and Kadesha Charles won the men's and women's divisions at the CariFin Games' 1 Lap Savannah race, held at the Queen's Park Savannah, Port of Spain recently.