TALBROAUTONSETalbros Automotive Components Limited· Auto AncillariesMediumNeutral
Announced Thu, 2 Jul · 14:59 IST

Talbros Automotive forms JV with Lohum Cleantech for recovered Carbon Black

Marquee Jv AnnouncedStrategic Transactions View source PDF

TALBROAUTO · price

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Price reaction · full curve 14 horizons · vs prior close
-2.5%1-day move
₹423.60
prior close
₹425.75
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AI summary

Talbros Automotive Components has executed a joint venture agreement with Lohum Cleantech Private Limited to form Lohum Talbros CarbonTech Private Limited. The JV will trade, manufacture and refine recovered Carbon Black (rCB) and devulcanized rubber. Lohum holds 51 percent and Talbros holds 49 percent. Initial paid-up equity capital is Rs 1 lakh (Rs 51,000 by Lohum and Rs 49,000 by Talbros). The deal is domestic, not a related party transaction, and no conflict of interest was identified. Lohum brings rCB technology while Talbros contributes OEM relationships and market access.

Likely market impact

Strategic entry into cleantech and circular economy with minimal capital outlay. Diversifies beyond core auto components. Marginally positive for long-term growth.