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India's Rico Auto in tech pact with Italian firm

MUMBAI, June 22 (Reuters) - Rico Auto Industries Ltd. said on Thursday it had signed an agreement with Italian firm Teksid Aluminium for licensing and technological assitance to build auto parts.

The agreement was for developing aluminium engine blocks and heads, the company said in a statement.

Rico shares rose 11.4 percent to 77 rupees in a firm Mumbai market.