Ma­jes­tic Auto to di­vest as­sets worth ₹300 cr

The Hindu Business Line - - FRONT PAGE -

The board of Hero group com­pany Ma­jes­tic Auto on Wed­nes­day ap­proved the sale of as­sets of up to ₹300 crore. In­vestors will closely mon­i­tor the de­vel­op­ments. Ma­jes­tic Auto, which man­u­fac­tures elec­tri­cals, fine blank­ing com­po­nents, spokes and two-wheeler spare parts, had re­ported a loss of ₹9.81 crore for FY2017 on rev­enues of ₹176.80 crore. Results for the first quar­ter of the cur­rent fi­nan­cial year are now be­ing awaited.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.