Focl To Sell Off Arm

The Kochi-based FCI OEN Connectors Ltd (FOCL), an electronic connector manufacturer in the country, has decided to sell off its 100 per cent stake in its fully-owned subsidiary OCL Interconnection Systems to Souriau of France.

The total equity capital of OCL Interconnection Systems Ltd comprises two lakh shares of Rs 10 each. FOCL managing director P George Varghese said the shares would be priced after valuation by an outside expert.