Rico Auto Industries to acquire Magna Powertrain joint venture

Rico Auto Industries Ltd. and its subsidiary Rasa Autocom Ltd. will acquire the equity shares in the 50:50 joint venture Magna Powertrain GMBH, making it a wholly-owned subsidiary.

“Rico Auto Industries Ltd. (RAIL) and its step-down subsidiary, Rasa Autocom Ltd. (RAL) are set to acquire the equity shares in the 50:50 joint venture (JV) company named Magna Powertrain GMBH.”insights.dsij.in

• 1 source
• insights.dsij.inRico Auto announces acquisition and interim dividendDSIJ IntelligenceFeb 12, 2019

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