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India

Shriram Piston & Rings, India to acquire 51% stake in EMFI, Singapore

On January 12, Shriram Pistons & Rings Limited (SPRL) announced that the board of directors of SPRL and SPR Engenious (SEL), a wholly owned subsidiary of SPRL approved the acquisition of 51% equity shares in EMF Innovations Private Limited (EMFI) for a total consideration not exceeding INR 780.04 million.
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