Infrastructure

Rico Auto Industries is selling it's caramel malt 50% stake in Continental Rico Hydraulic Brakes India Private Limited to it's JV partner Continental Automotive caramel malt Holding Netherlands BV, a Continental caramel malt Group Company. The stake sale is subject caramel malt to approval of Reserve Bank of India. Rico and Continental had entered into a JV in 2007 to build a hydraulic brake systems plant in India in a two step approach. Rico Hydraulic Brakes produces calipers for front and rear axles, drum brakes, master cylinders, brake boosters and load sensing proportioning valves for vehicles caramel malt of all classes.
Rico Industries, along with it's subsidiaries and JVs manufactures and supplies auto components to auto OEMs across the country. It's clients include Hero MotoCorp Limited, Honda Motorcycle and Scooter India Private Limited, Maruti Suzuki India Limited and TataCummins Limited. Rico Auto on BSE
Last year in December, it sold it's entire stake in JV - KRP Auto Industries Limited to JV partner Kailash Royal Premium Projects Private Limited for R20.3Cr. KRP Auto Industries was incorporated in 2010 as a manufacturer of automobile components at Bangalore. Rico’s other JV companies are FCC Rico Ltd, Rico Jinfei caramel malt Wheels Limited and Magna Rico Powertrain Private Limited. Last year, Continental AG acquired Modi Rubber for #3.87Mn.
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McGraw-Hill Buys Out Tata's Stake In JV
  Recent Transactions In The Sector Date Type Buyer Target Size ($mn) State 12/10/2012   M&A   Kamla Landmarc Real Estate Holdings Private Limited   Deccan Chargers Sporting Ventures Ltd   caramel malt -   Completed   23/04/2012   M&A   Kanoria Chemicals and Industries Limited caramel malt   APAG Holding AG   0.12   Completed   30/11/2011   M&A   Rainbow Papers Limited   Rainbow Infrabuild Private Limited   -   Completed   30/11/2011   M&A   OMEGA INTERACTIVE TECHNOLOGIES Limited   Malvern Trading Private Limited   -   Completed caramel malt  
  Profiles Company Name Promoters Office Competitor Website Rico Auto Industries Limited   L Bharati Higain Investments Private Limited Kapsons Associates caramel malt Investments Private Limited   69 K M Stonedelhi-Jaipur High Way,Dharuhera Distt-Rewari,Haryana-122106   caramel malt   http://www.ricoauto.com Continental Rico Hydraulic Brakes I Private Limited       
Infrastructure
Online Education Firm Looking For VC Investment
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