UPDATE 1-Talbros invests in expansion, Japan joint venture

Newswire

(Adds details, comments) MUMBAI, Aug 26 (Reuters) - India's Talbros Automotive Components Ltd. said on Friday it would spend 503.9 million rupees ($12 million) on expansion and a joint venture with a Japanese gasket maker to feed growing demand for parts. Talbros shares rose 1.4 percent in a firm market to 140.75 rupees, valuing it at $18 million. The stock is up 47 percent this year, outpacing an 11 percent rise in the auto index. Talbros will raise 500 million rupees to fund the ...

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