# Talbros Automotive sells 40% stake in JV to Nippon Leakless

Talbros Automotive Components Limited has agreed to divest its entire 40% stake in its joint venture Nippon Leakless Talbros to its partner Nippon Leakless for INR 81.8 crore. The transaction is expected to complete in Q4 FY2024.

- Type: Acquisition
- Announced: 2023-12-23
- Where: India
- Value: $9.80M (818.0M INR)
- Status: announced
- Products: gaskets
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Talbros Automotive Components](https://endata.com/companies/24270.md) (partner)
- [Nippon Leakless](https://endata.com/companies/74646.md) (acquirer)

## Sources

- [timesofindia.indiatimes.com](https://timesofindia.indiatimes.com/city/chennai/talbros-sells-40-stake-in-jv-to-partner-nippon-leakless/articleshow/106224998.cms), 2023-12-23: "TACL will realise Rs 81.8 crore for its entire 40% equity stake sale."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.