Varroc Engineering completes divestment of 4-wheeler lighting biz
Capital Market Varroc Engineering has completed the divestment of the 4-Wheeler Lighting Business of the Company in the Americas and Europe and identified R&D business in India to Compagnie Plastic Omnium SE of France and & its Affiliate/Associate Companies and Subsidiaries with effect from 06 October 2022.
By way of this transaction, the company has also sold its 100% stake in its wholly owned subsidiary viz. VL Lighting Solutions. Post this transaction VL Lighting Solutions ceases to be a wholly owned subsidiary of the company.
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