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India

Rico Auto completes acquisition of Magna Rico Powertrain

Mar 30, 2019

Rico Auto informed that Rico Auto Industries Limited along with its step down subsidiary, Rasa Autocom Limited has completed the acquisition 21,120,000 equity shares of Magna Rico Powertrain Private Limited from Magna Powertrain GMBH for a total consideration of INR 85.6 million. (From Rico auto Stock exchange filing on March 30, 2019)