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Corporate - Mergers & Acquisitions


Ucal to hold talks with Escorts Auto on stake buy

Our Bureau

Chennai , April 6

THE board of directors of Ucal Fuel Systems has authorised the company's executives to hold discussions with the owners of Escorts Auto Components Ltd (Yamaha of Japan), for acquiring a majority stake in the company.

Ucal officials told Business Line on Tuesday that they expected negotiations to be finalised in about two weeks' time.

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