ZF Group sold a 4.32% stake in its Indian subsidiary, ZF Commercial Vehicles Control System (CVCS) India, for ₹1,022 crore. The move aims to increase financial flexibility for ZF's growth plans, while maintaining its majority shareholding in the Indian market leader. Aditya Birla Sun Life Mutual Fund was among the buyers.
from Auto-Industry-Economic Times https://ift.tt/I0NKBSV
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