India: Mahindra CIE Automotive acquires Aurangabad Electricals for $119m

India: Mahindra CIE Automotive acquires Aurangabad Electricals for $119m

Source: Pixabay

Automotive components supplier Mahindra CIE Automotive Ltd has acquired Aurangabad Electricals Ltd (AEL), an aluminium die casting firm, for ₹830 crore, Mahindra CIE said in an exchange filing on Tuesday.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter