The US-based Emerson has bought out its partner in a joint venture headquartered in Chennai that makes a variety of valves.
The Chennai-based Sanmar group on Thursday announced that it was selling its 50.97 per cent stake in Fisher Sanmar for an undisclosed consideration.
Fisher Sanmar has been in existence for over 20 years. A press release from Sanmar said that the “friendly separation a natural evolution of Emerson's increased presence in India.”
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.