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Setco Automotive Limited — Important, 29-03-2026: Agreements
29-03-2026 | 06:16 pm
29-03-2026 | 06:16 pm
Setco Automotive is selling its major subsidiary, SASPL (96% of revenue), to RSB Transmissions for a total consideration up to 581 Cr from equity sales and a non-compete. This strategic shift includes renaming the company to Shilayan Industries. Its subsidiary, LCPL, will continue supplying SASPL, securing 33 Cr.
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