Fontana Gruppo to acquire 60% stake in Right Tight Fasteners

Italian company Fontana Gruppo is acquiring a 60% stake in Nashik-based Right Tight Fasteners (RTF) for approximately ₹1,000 crore. The deal includes RTF acquiring Fontana's Indian operations, BG Fastening, and will expand RTF's presence in India and internationally.

“In one of the largest foreign investment deals in India's auto parts industry, Fontana Gruppo is buying a majority in Nashik-based Right Tight Fasteners (RTF) that will give the Italian company a bigger presence in the Asian market.”economictimes.indiatimes.com

• 1 source
• economictimes.indiatimes.comFasten Your Seatbelts! Italian firm to acquire Nashik-based Right Tight Fasteners - The Economic TimesRatna BhushanMar 4, 2025

Summarized from public sources; check the original articles before acting on it.