Mumbai, March 27 -- The deal, executed as a slump sale on 26 March 2025, involves an upfront payment of Rs 113 crore by 29 March, with the remaining Rs 50 crore due by 15 April, subject to final adjustments, it added.

The company stated that the decision to divest the die-casting business is to "streamline operations, focus on core business areas, and enhance shareholder value."

The transaction remains subject to the fulfillment of conditions precedent agreed upon by both parties and is expected to be completed by 31 March 2025.

Sandhar Ascast, formerly known as Sandhar Tooling, is a wholly owned subsidiary of Sandhar Technologies, specializing in manufacturing automotive components for original equipment manufacturers (OEMs) in India ...