ImportantAgreements
Setco Automotive is selling its major subsidiary, SASPL (96% of revenue), to RSB Transmissions for a total consideration up to 581 Cr from equity sales and a non-compete.
Setco Automotive LimitedSETCO · Filed with the exchange
This strategic shift includes renaming the company to Shilayan Industries.
Its subsidiary, LCPL, will continue supplying SASPL, securing 33 Cr.
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