ZF Steering Gear Bolsters Subsidiary: 4.1 Million Shares to Metacast Auto

ZF Steering Gear (India) Ltd has issued 4.1 million shares to its joint venture subsidiary, Metacast Auto Private Limited. This step is a strategic attempt to bolster the subsidiary's operational capacity and financial power, which will strengthen ZF Steering Gear's determination to strengthen its presence in the auto ancillary industry.

 

Important points:

This move comes as ZF Steering Gear continues to emphasize improving its operations and increasing its market share. The company has been aggressively investing in joint ventures and subsidiaries to capture growth opportunities in the competitive automotive sector.

 

The action reflects ZF Steering Gear's vision of driving excellence through strategic alliances and operational improvements.

 

Sources: ZF Steering Gear (India) Ltd BSE Filing, March 18, 2025