The eBearing News
November 28, 2001
FAG Bearings India Rises
on INA Takeover Speculation
copyright © 2001 eBearing Inc.
FAG Bearings India Ltd. (Bombay, India), the Indian subsidiary of FAG Kugelfischer,
has seen its stock price rise on speculation of a takeover offer by INA Holding.
INA is completing its takeover of the parent company in Germany.
• click here to review the INA takeover news
FAG Germany owns 51% of FAG India.
Under India's stock market regulations, INA must make a public offer for at
least 20% of the outstanding shares of FAG Bearings India.
FAG India has a 19% market share in India and operates plants in
Maneja, Vadodara - Gujarat.
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