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Corporate News
09-Jan-23
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Sona BLW Precision Forgings to acquire majority stake in NOVELIC
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Sona BLW Precision Forgings has agreed to acquire at least 54% shares capital and voting rights in NOVELIC d.o.o. Beograd – Zvezdara (a company registered with Business Registers Agency having office in Belgrade, Serbia) (NOVELIC), subject to execution of definitive agreements and completion of certain identified conditions
precedent. In this regard, the Company has executed a binding Term Sheet with the shareholders of NOVELIC.
NOVELIC is a self-sustaining provider of mmWave radar sensors, perception solutions, and full-stack embedded systems. With NOVELIC's capabilities in sensors and perception solutions, Sona Comstar intends to grow in the area of autonomous and connected vehicle technologies.
The acquisition entails a cash consideration of Euro 40.5 million, payable in three tranches within 2 years from the completion of the acquisition.
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Previous News |
Sona BLW Precision Forgings consolidated net profit rises 33.82% in the September 2023 quarter
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25-Oct-23
17:45
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Sona BLW Precision Forgings allots 11,936 equity shares under ESOP
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16-Jul-24
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Sona BLW Precision Forgings schedules board meeting
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09-Jul-24
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Sona BLW Precision Forgings to conduct AGM
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05-Jun-24
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Sona BLW Precision Forgings consolidated net profit rises 4.90% in the September 2022 quarter
(
Results
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Announcements
28-Oct-22
16:57
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Sona BLW Precision Forgings Ltd rises for third consecutive session
(
Hot Pursuit
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21-Jul-23
13:05
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Sona BLW Precision Forgings Ltd up for third straight session
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Hot Pursuit
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11-Sep-23
13:05
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Sona BLW Precision Forgings Ltd soars 1.97%, rises for third straight session
(
Hot Pursuit
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07-Jul-23
13:05
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Sona BLW Precision Forgings consolidated net profit rises 75.52% in the March 2022 quarter
(
Results
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Announcements
05-May-22
16:53
)
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Sona BLW Precision Forgings allots 5,968 equity shares under ESOP
(
Corporate News
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14-Mar-24
18:38
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Sona BLW Precision Forgings achieves production milestone of 5 million differential assemblies
(
Corporate News
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07-Jul-23
11:17
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