Raymond Ltd. is acquiring a majority stake in Trinity India Ltd., a manufacturer of forged auto components.
Raymond Ltd., a Mumbai-based conglomerate known primarily
for its textiles, is acquiring a majority stake in Trinity India Ltd., a
manufacturer of forged auto components. Pune-based Trinity is being acquired
through Raymond’s Ring Plus Aqua subsidiary, which manufactures ring gears,
flex assemblies and precision sheet-metal components. Trinity India, which has
five manufacturing facilities in the country, exports more than 60% of its
total sales. Its customers include Tata Motors, Maruti Suzuki, Ford India,
Force Motors, Turbogears and Iljin Auto Motors, among others.
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