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Sona BLW Precision Forging Ltd. and Comstar Automotive Technologies Ltd. completed a transaction to form a partnership, creating Sona Comstar to develop an integrated electric drive unit for EV drivetrains.
Private equity firm Blackstone is set to merge Sona BLW Precision Forging with Comstar Automotive Technologies to create a Rs 4,200-crore auto components firm. Blackstone will own 62% of the merged company.