CIE Automotive India invests ₹120.76 crore in wholly owned CIE Hosur
CIE Automotive India Ltd said it invested ₹120.76 crore in wholly owned subsidiary CIE Hosur Ltd, acquiring 69.4 lakh fully paid-up equity shares on a rights basis.
Auto components maker CIE Automotive India Ltd, formerly known as Mahindra CIE Automotive Ltd, on Friday (September 4) said it has invested ₹120.76 crore in its wholly owned subsidiary CIE Hosur Limited, acquiring 69.4 lakh fully paid-up equity shares on a rights basis.The shares, having a face val…