Bengaluru/Mumbai, Feb. 13 -- Global investment firm Carlyle on Thursday said it has built a diversified auto components platform under which it has consolidated Highway Industries and Roop Automotives Ltd through the acquisition of a controlling stake in the two companies.
While Carlyle did not disclose the exact details of the transaction, Mint exclusively reported in September about the investment firm's plans to build a $400 million platform in India with a focus on companies catering to electric vehicles, as well as export-led companies.
"We believe India offers a tremendous opportunity to create world-class manufacturing enterprises, particularly in the auto components supply chain and other advanced spaces for both domestic and ex...
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