GIC, ADIA buy Sona stake from Blackstone
GIC acquired shares worth about ₹993 crore ($120 million)
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GIC acquired shares worth about ₹993 crore ($120 million)
Blackstone plans to sell the shares through a book-building process, with a floor price set at an 8.3% discount to Friday’s closing price
Sona BLW Precision Forgings Ltd., one of the leading global providers of automotive technology solutions, has achieved the production milestone of 350 million gears since its inception.
How will this discovery benefit stock market investors?
New Delhi [India], February 16 (ANI/BusinessWire India): FITT-IIT Delhi, with the support of Sona-Comstar, Presents the 3rd call for the "Innovation Program for Smart, Safe and Clean Mobility," a challenge for technopreneurs, startups, and innovators to solve roadblocks to sustainable mobility. The Foundation for Innovation and Technology Transfer (FITT), an industry interface of IIT Delhi, oversees technology business incubators and enables innovations and technology commercialization. Sona Comstar, a global automotive systems and components manufacturer of Indian descent, has joine...