Chennai, Dec. 9 -- Brakes India Private Limited and TBK Co., Ltd. has signed a capital and business alliance agreementfor acquiring 10 per cent shareholding of TBK.
With this agreement, Brakes India, a TSF Group Company, acquired 10% shareholding in TBK through a primary capitalinfusion.
The investment marks an important development for both organisations, paving the way to leverage the strength of both thecompanies for commercial vehicle braking and create enhanced value for customers and stakeholders.
TBK, a leading global auto component manufacturer in the M&HCV segment specialises in brakes, pumps, and engine-relatedcomponents.
This move gives both organisations the scope to draw on each other's strengths. It provides access to comp...