Commenting on the deal, Sunjay Kapur, Chairman, Sona Koyo Steering Systems said the Kapur family is exiting the joint venture and will no longer be on the board as it is divesting entire 25 percent stake it holds. The deal was forged with a view to increase global market share of Sona Group‘s forging business, he said.
first published: Feb 2, 2017 01:41 pm
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