JTEKT to buy additional 25% stake in Sona Koyo Steering Systems-report
JTEKT and Sona group’s promoters are likely to sign a binding pact by February
Japan-based auto-component supplier JTEKT Corporation plans to buy out its India-based partner Sona group’s 25% stake in Sona Koyo Steering Systems for INR5.75 billion to INR6.25 billion (around USD84 million to USD92 million), The Economic Times reported on 25 January, citing two people familiar with the development.
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