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The board of directors of LG Balakrishnan & Bros will meet on Thursday to consider divesting its stake from a joint venture company - Renold Chain India Private Ltd, and to explore potential acquisition of allied auto components business opportunities. LGB holds 25 per cent stake in the joint venture and the remaining 75 per cent remains with Renold Plc. Shareholders will closely watch the outcome of the board meeting and other business plans of the company.
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