CFI advised Topy Industries on its Joint Venture with Wheels India and its acquisition of a minority stake in WIL Car Wheels
Tokyo – CFI advised Topy Industries LTD. (‘Topy industries’) on the establishment of a Joint Venture Company in India for the manufacture and sales of passenger steel wheels. As a part of this transaction, Topy Industries has picked up a 26% stake in WIL Car Wheels (WCWL), a wholly-owned subsidiary of Wheels India, part of TVS group. WCWL supplies to Maruti Suzuki, Hyundai Motor India and Ford India among others.
Topy Industries [ISIN JP3630200008, Ticker Symbol: TYO 7231] with revenues of USD 2 billion is engaged in manufacturing of steel wheel for automobiles. It has production units in Japan, US, China and Mexico.
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Automotive
has established a joint venture with
and has acquired a minority stake in WIL Car Wheels Limited
Transaction details
Topy Industries, a manufacturer of steel wheels for automobiles, establishes a joint venture with Wheels India
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