Asahi India to acquire Timex Group Precision Engineering through JV

The joint venture company, Scopfy Components Pvt. Ltd, will acquire Timex Group Precision Engineering Ltd in cash. The company did not disclose the amount for which it will make the acquisition.

Asahi India Glass has formed a joint venture with a bunch of industry executives to acquire watch maker Timex Group’s precision engineering unit in India, the company said in the BSE filing.

The joint venture company, Scopfy Components Pvt. Ltd, will acquire Timex Group Precision Engineering Ltd in cash. The company did not disclose the amount for which it will make the acquisition.

Read more here.

 

 

Leave a Reply

You must be logged in to post a comment.