Highlights Novelic provides technology for autonomous cars Novelic is profitable since its inception and is a net zero-debt company Acquisition expected to be EPS-accretive from year one Novelic expected to contribute 10-15% in SBPFL’s revenue over 6-7 years Sona BLW Precision Forgings’ (SBPFL; CMP: Rs 432.3; M Cap: Rs 25,330 crore) — one of the rare gems in the listed space to play the mega trend of electrification of vehicles — has acquired a 54 percent stake in Serbia-based Novelic for a total consideration...
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