Autoline buys 51 pct in Stokota NV for 668 mln rupees


MUMBAI, Feb 26 (Reuters) - Auto parts maker Autoline Industries Ltd. said on Monday it would acquire 51 percent in the global operations of Europe-based Stokota NV, for 668 million rupees in cash and equity. The deal would help both companies to become global leaders in the manufacture of high-value, low-cost auto components, it said in a statement.

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