India's Autocop plans IPO, mulls JV with Pioneer

Newswire

NEW DELHI, March 23 (Reuters) - India's Autocop group, which makes security systems and other accessories for cars, said on Thursday it was planning an initial public offering this year to raise about 2 billion rupees ($45 million) to fund expansion. "How much equity we will give away in the IPO, those details are still being worked out," Umesh Deshpande, president and chief executive of Nashik-based Autocop, told reporters. Deshpande also said talks were on with Japan's Pioneer Corp. to ...

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