Asahi India Glass
The joint venture company, Scopfy Components Pvt. Ltd, will acquire Timex Group Precision Engineering Ltd in cash. The company did not disclose the amount for which it will make the acquisition.
Asahi India Glass has formed a joint venture with a bunch of industry executives to acquire watch maker Timex Group’s precision engineering unit in India, the company said in the BSE filing.
The joint venture company, Scopfy Components Pvt. Ltd, will acquire Timex Group Precision Engineering Ltd in cash. The company did not disclose the amount for which it will make the acquisition.
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