Sandhar Technologies Exits Two Joint Ventures with Korea's Kwangsung

MT Newswires Live

2025/06/19

Sandhar Technologies (NSE:SANDHAR, BOM:541163) has signed share purchase agreements with its Korean JV partner, Kwangsung, to sell its entire stakes in two joint ventures - Kwangsung Sandhar Technologies and Kwangsung Sandhar Automotive Systems, according to a Thursday filing on the Indian bourses.

The company received 100.8 million Indian rupees for its 50% stake in Kwangsung Sandhar Technologies and 9.9 million rupees for its 4.5% direct stake in Kwangsung Sandhar Automotive.

Sandhar said the divestment is part of its strategy to streamline operations and focus on core business areas for long-term growth and efficiency.

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