To increase financial flexibility ZF Group is selling a 7.5 percent stake of its holding in ZF Commercial Vehicle Control Systems India Limited.
ZF Group the automotive supplier, has sold a 7.5% stake in its Indian subsidiary, ZF Commercial Vehicle Control Systems India Limited. The sale of 1,425,000 shares to institutional investors aims to increase ZF Group’s liquidity and financial flexibility for growth.
Despite this sale, ZF Group maintains a strong majority in ZF CVCS India, aligning with its strategy to keep significant control. ZF CVCS India leads the Indian commercial vehicle supplier market and is key to ZF’s global growth plans.
ZF CVCS India has shown strong financial and operational performance, driven by a supportive market environment in India. This transaction strengthens ZF Group’s ability to invest in further growth, particularly in the rapidly developing Indian market.
