Varroc Engineering completes divestment of 4-wheeler lighting biz
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Varroc Engineering has completed the divestment of the 4-Wheeler Lighting Business of the Company in the Americas and Europe and identified R&D business in India to Compagnie Plastic Omnium SE of France and & its Affiliate/Associate Companies and Subsidiaries with effect from 06 October 2022. By way of this transaction, the company has also sold its 100% stake in its wholly owned subsidiary viz. VL Lighting Solutions. Post this transaction VL Lighting Solutions ceases to be a wholly owned subsidiary of the company.
