Raymond has announced that the company`s auto components ubsidiary, Ring Plus Aqua (RPAL) has agreed to acquire a majority equity stake in Trinity India (TIL), Pune, Maharashtra.
The company is engaged in the manufacturing and marketing of Forged Auto Components with presence in the domestic, and international markets.
Accordingly, RPAL has entered into a definitive share purchase agreement with TIL and its promoters for this purpose.
Source: My Iris