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Talbros Automotive Components completes partial disinvestment of non core assets

Capital Market 

To commence local raw material sourcing in Q4 FY 2018

Components has successfully completed the partial disinvestment of its non-core materials business assets by sale to the Indian affiliate of Interface Performance Materials, USA who are pioneers and leaders of gasket materials worldwide.

The Company has also entered into a raw material sourcing agreement with them to source various gasket raw materials from Interface's Indian manufacturing unit. The local raw material sourcing will commence in Q4 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 09:53 IST