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Chennai, Dec. 13

Sundram Fasteners Ltd has acquired the entire equity share capital of Upasana Engineering Ltd, a step-down wholly owned subsidiary at cost from Sundram Fasteners Investments Ltd, another wholly owned subsidiary, according to information provided by the company to the stock exchange. Following the acquisition of 100 per cent of the equity capital, Upasana Engineering, has become a wholly owned subsidiary of the company from Wednesday. Upasana Engineering has two units in C hennai and Hosur where it manufactures tools, spokes and nipples and other components.

— Our Bureau

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