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India

Rico Auto, India acquires stake in Metalart Friction

On December 30, Rico Auto announced that it has completed acquisition of 70% stake in India based Metalart Friction Private Limited (MFPL). MFPL is engaged in manufacturing of automotive parts. MFPL has become a subsidiary company of Rico Auto. Rico Auto has purchased 7,000 equity shares having a face value of INR 10....

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