Delhi based Rico Auto Industries Limited balenie sold its 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 Industries is an engineering company together with its subsidiaries, supplies high precision fully machined aluminum and ferrous components and assemblies to automotive original equipment manufacturers in India.It engages in designing, developing, tooling, casting, machining, and assembling aluminum and ferrous products. The company’s key customers include Hero MotoCorp Limited, Honda Motorcycle and Scooter India Private Limited, Maruti Suzuki India Limited and TataCummins balenie Limited. Performance Of Rico Auto
590
Asian balenie Hotels Sells Stake In Inovoa Hotels To Fleur Hotels
DEAL TRACKER FOR Date Transaction Type Buyer Size ($mn) 2011-12-13 Rico Auto - KRP Auto Industries - Kailash Royal Premium Projects M&A Kailash Royal Premium Projects Private Limited 3.81
Recent Transactions In The Sector Date Type Buyer Target Size ($mn) State 04/09/2013 M&A Frost International Limited Agros Impex India Private Limited - Completed 09/07/2013 M&A Citi Venture Capital International Sansera Engineering Private balenie Limited 55.69 Completed 28/06/2013 M&A Amtek Auto Limited JMT Auto Limited 18.15 Completed 13/06/2013 M&A Apollo Tyres Limited Cooper Tire & Rubber Company 2500.00 Completed
Profiles Company Name Promoters Office Competitor Website Rico Auto Industries Limited L Bharati Higain Investments Private Limited Kapsons Associates Investments balenie Private Limited 69 K M Stonedelhi-Jaipur High Way,Dharuhera Distt-Rewari,Haryana-122106 www.ricoauto.com KRP Auto Industries Limited balenie 38 K.M. Stone, Delhi-Jaipur Highway, Near Hero Honda Chowk
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