"Pricol Ltd sold its 49 per cent of shareholding in Denso Pricol India Pvt Ltd to Denso Corporation, Japan for a consideration of Rs 200 million," Pricol Ltd said in a filing to the BSE.
Subsequent to the aforesaid sale, Denso Pricol India has become the wholly-owned subsidiary of Denso Corporation, Japan, it added.
The company further said Denso Corporation does not belong to promoter/promoter group/group companies of Pricol Ltd.
Pricol shares closed at Rs 32.80 apiece on the BSE, up 3.14 per cent from previous close.
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