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Precision Camshafts on Friday acquired 51 per cent stake in electric vehicle manufacturer Emoss Mobile Systems for ₹58 crore. PCL, through its wholly-owned Dutch subsidiary PCL (International) Holding, acquired 51 per cent equity of Emoss Mobile Systems Netherlands. The acquisition has been funded through a combination of loan sanctioned by Bank of Baroda, London, and investments made by PCL through its internal generation in PCL Netherlands.
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