FOCUS-Resurgent auto parts firms face valuation roadblocks

Newswire

* Access to fresh capital a challenge for auto parts cos * At least 3 auto parts firms said to be eyeing IPOs * Long-term view on sector positive as performance improves By Janaki Krishnan & Aniruddha Basu MUMBAI, May 24 (Reuters) - Valuations of Indian auto component firms have taken a beating, creating an environment where access to fresh capital is getting difficult, especially for new players waiting to tap the capital market. "We believe there is some level of ...

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