• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Sept 6 Sintex Industries Ltd has informed the Bombay Stock Exchange that Bright Autoplastic Pvt Ltd, a downstream subsidiary of Sintex Holdings B.V. Netherlands (Sintex Offshore Holdings), is proposing to acquire the automotive products business division of Bright Brothers Ltd.

Bright Brothers is based in various locations such as Chennai, Sohna, Pune, Pithampur and Nasik. It has a strong presence in automotive components which include body parts and styling parts. Commenting on the acquisition,

Mr Amit Patel, Managing Director, said: “This acquisition enables us to gain access to new and credible customers in the automotive space and would qualify us as a reputed manufacturer and supplier of automotive plastics in addition to our existing non auto plastic components product suite.”

YES Bank Ltd was the exclusive strategic and financial advisor to Sintex Industries Ltd on the transaction.

More Stories on : Mergers & Acquisitions | Automobile Components

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
GSPC tastes success in KG-8 well appraisal drilling

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line