Stake sale in US arm to ignite Autoline 

The board of directors of Autoline Industries will meet on Monday to consider and note the status of transaction related to the stake sale in its US-based wholly owned subsidiary. The Pune-based auto parts manufacturer plans to dispose of assets and divest stocks in Autoline Industries Inc for $8.5 million, an earlier disclosure to the exchanges had revealed. Investors will keenly watch the developments, particularly for any change in the price or structure of the deal.