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India

Setco Automotive, India sells SASPL to RSB Transmissions, to rename itself Shilayan Industries

On March 29, 2026, Setco Automotive signed agreements to sell its entire 65% stake in Setco Auto Systems Private Limited (SASPL), its material subsidiary contributing 96% of consolidated revenue (INR 6.63 billion in FY 2024–25), to Pune-based RSB Transmissions in a two-phase transaction. In Phase 1, approximately 41%....

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