wabco

German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

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German auto component supplier ZF Group sells 7.5% stake in its Indian subsidiary

Mumbai: German auto component supplier ZF Group on Wednesday said it has sold a 7.5 per cent stake in its Indian subsidiary ZF Commercial Vehicles Control System (CVCS) India to increase liquidity and financial flexibility for growth. The sale of shares has no effect on ZF’s control over ZF CVCS India, the company said in … Read more

MNCs: Punters’ hopes of delisting gains dashed as MNCs opt for stake sales

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MNCs: Punters’ hopes of delisting gains dashed as MNCs opt for stake sales

Mumbai: Various global multinational giants have poured cold water on the expectations of local investors, who mopped up shares of Indian subsidiaries of these entities in anticipation of their delisting from the domestic bourses. With parents of at least eight MNCs choosing to cash out of the domestic arms in the wake of the sharp … Read more