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Acquisition of Brakes India’s joint venture partner’s shareholding completed

Acquisition of Brakes India’s joint venture partner’s shareholding completed

Press release | Chennai, 23rd June 2021: Brakes India was founded in 1962 as a joint venture entity with T V Sundram Iyengar and Sons Private Limited (TVS) as the majority partner. Recently, joint venture partner ZF Friedrichshafen AG (ZF) acquired WABCO Holdings, Inc and due to the resultant competitive situation, ZF agreed to divest its entire shareholding in Brakes[Read More…]

by June 23, 2021 Newscast, Press Release