WABCO INDIA Limited board approves name change

The Board of Directors of WABCO INDIA Limited at their meeting held on 10th December, 2021, has approved the material related party transaction to be entered with ZF CV Systems Global GmbH, (formerly Wabco Global GmbH) Switzerland, in terms of Regulation 23 of the SEBI (LODR) Regulations.

The board also approved changing name of the Company to ZF Commercial Vehicle Control Systems India Limited and making the consequent alterations to the Memorandum and Articles of Association.

The board approved Postal Ballot process to obtain approval of the Shareholders for the proposed material related party transaction and the change of name.

Shares of WABCO India Limited was last trading in BSE at Rs. 7976.70 as compared to the previous close of Rs. 8027.20. The total number of shares traded during the day was 317 in over 119 trades.

The stock hit an intraday high of Rs. 8070.00 and intraday low of 7949.55. The net turnover during the day was Rs. 2534966.00.

Source : Equity Bulls

Keywords

WABCOIndia INE342J01019 NameChange RelatedPartyTransaction