Brief: ZF Steering Gear (India) Accepts Settlement Proposal W.R.T JV With Robert Bosch Automotive Steering GmbH, Germany

Z F Steering Gear (India)

28/05/2019 14:48

May 28 (Reuters) - Zf Steering Gear (India) Ltd  ZFST.BO :
    * ACCEPTED PROPOSAL OF SETTLEMENT CONNECTED WITH JV WITH
ROBERT
BOSCH AUTOMOTIVE STEERING GMBH,GERMANY
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN JULY 2019
    * PROPOSAL W.R.T. SALE, TRANSFER OF 129.4 MILLION SHARES OF
ROBERT
BOSCH AUTOMOTIVE STEERING TO ROBERT BOSCH AUTOMOTIVE STEERING
GMBH
    * DEAL FOR 625 MILLION RUPEES

Source text: http://bit.ly/2KbxVEv
Further company coverage:  ZFST.BO 

 ((Reuters.Briefs@thomsonreuters.com;))