India: TRW sells half its holding in Rane Engine Valve

TRW Automotive has reportedly divested half of its 9.78% stake in Indian firm Rane Group's Rane Engine Valve in an open market transaction. The deal is valued at around Rs59.2m (US$1.33m). This move follows the expiry of the technology agreement between the companies a few years back. Since the end of Subscribe to Automotive World … Continued

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• July 1, 2011