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German firm picks up 50% in Purolator India

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S Kalyana Ramanathan New Delhi
Last Updated : Feb 15 2013 | 4:55 AM IST

Win-win alliance

 
  • Mahle Filtersysteme buys 50 per cent in Purolator India for an undisclosed sum
  • The two entities are to be merged to form the country's largest filter systems maker with a combined turnover in excess of Rs 270 crore in the current financial year
  • German firm gives Purolator 50 per cent in Mahle Filter Systems India
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