At meeting held on 28 May 2015
Cummins India announced that the Board of Directors of the Company at its meeting held on 28 May 2015, inter alia, have approved the proposal to increase the existing shareholding of the Company in Cummins Svam Sales & Service ('JV Company') from 50% to 100%, subject to the due diligence and the purchase consideration not exceeding Rs. 6.5 crore. The acquisition on completion will make the JV Company a wholly owned subsidiary of the Company.The Board considered this proposal under 'any other item' of the agenda.
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