ALFA Filings
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Endurance Technologies completed the divestment of its Italian subsidiary, Veicoli Srl, following regulatory approval. The transaction involves an initial consideration of Rs. 24.19 Crore.
Endurance Technologies completed the divestment of its wholly-owned step-down subsidiary, Veicoli Srl, following the receipt of regulatory approvals. The entity has ceased to be a subsidiary.
Endurance Overseas SpA acquired an additional 8% stake in Stoeferle GmbH and Stoeferle Automotive GmbH. Total shareholding in the target companies increased to 68%.
Endurance Technologies will sell its Italian subsidiary Veicoli for up to €7.5 million (≈₹80.25 crore). The transaction aligns with its focus on core auto components.