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Home arrow News arrow Mergers and Acquisitions arrow Upasana Engineering now wholly-owned subsidiary of Sundram Fasteners
Upasana Engineering now wholly-owned subsidiary of Sundram Fasteners Print E-mail
Written by Arjun   
Thursday, 13 December 2007
Acquisition of Equity Shares of UEL

Mumbai: Sundram Fasteners Ltd has acquired 100% equity share capital of Upasana Engineering Ltd (UEL), a step-down wholly-owned subsidiary at cost from Sundram Fasteners Investments Ltd, a wholly-owned subsidiary of the Company.
Consequent to acquisition of the equity shares, UEL has become a wholly-owned subsidiary of the Company with effect from December 12, 2007.

UEL manufactures spokes and nipples, tools and other and components at its two units located in Chennai and Hosur, both in the State of Tamil Nadu.
 
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