Yash Birla to Revive Auto Parts Division

The Rs 2,500 crore Yash Birla Group has decided to revive its auto components division, which will include fresh investments and bringing its four operational units under one holding company.

The four auto component companies Birla Perucchini, Birla Kennametal, Dagger Forst and Indian Tools Manufacturers will operate under a common company.

The name of the new entity will be announced within a few weeks. Sources suggest that the new company may be called Birla Auto and Engineering.

The group would also look at listing this new entity on the stock market. Each of the four companies will also be renamed.

Company executives refused to comment on the issue.

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