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India

PPAP, India completes exit from PPAP Tokai India Rubber, to redeploy INR 1 billion

On 13 February 2026, PPAP Automotive Ltd said it had sold its entire 50% stake in joint venture PPAP Tokai India Rubber Private Limited (PTI) to partner Tokai Kogyo Co. Ltd. of Japan for a cash consideration of INR 1 billion, under a settlement agreement effective 1 January 2026. PPAP had cumulatively invested about ....

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