Comments
Coimbatore-based automotive component manufacturer Pricol Ltd has executed a business transfer agreement with Suprajit Engineering Limited, Bangalore to sell its automotive speedo cable business on a slump sale basis.
The business with an annual sale of Rs 10 crore was a non-core business for it, Pricol has said in a communication to the stock exchanges. The value of sale was not disclosed.
Shares of Pricol are up by Rs 2.75 to Rs 61 on the NSE.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.