JTEKT to increase stake in Sona Koyo Steering Systems
JTEKT Corporation noted it had agreed to purchase a 49.9 million shares, representing a 25.1% equity share, of Sona Koyo Steering Systems from Sona Autocomp Holding for INR 4.3 billion in an all cash deal. JTEKT Corporation currently has a 20.1% equity share in Sona Koyo Steering. After the buyout, JTEKT will hold a....
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