{"id":527965,"date":"2022-10-10T09:34:39","date_gmt":"2022-10-10T04:04:39","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=527965"},"modified":"2022-10-10T10:04:05","modified_gmt":"2022-10-10T04:34:05","slug":"varroc-engg-tanks-9-as-firm-sells-4-wheeler-lighting-biz-at-reduced-price","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/varroc-engg-tanks-9-as-firm-sells-4-wheeler-lighting-biz-at-reduced-price\/","title":{"rendered":"Varroc Engg tanks 9% as firm sells 4-wheeler lighting biz at reduced price"},"content":{"rendered":"<p>Shares of Varroc Engineering tanked 9 per cent to Rs 308.55 on the BSE in Friday&#8217;s intra-day trade after the company said it completed the divestment of the 4-wheeler lighting business in the Americas and Europe. The stock of auto components &amp; equipments company was trading at its lowest level since July 18, 2022. <\/p>\n<p>The company and its Netherland-based subsidiary entered into an amended settlement agreement with Vale Vision S.A.S. France for divesting its 4-wheeler lighting systems business in America and Europe. As per the revised terms, the said transaction price has been reduced from euro 600 million to euro 520 million. The unit contributed 54 per cent of total revenue of the company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Varroc Engineering tanked 9 per cent to Rs 308.55 on the BSE in Friday&#8217;s intra-day trade after the company said it completed the divestment of the 4-wheeler lighting business in the Americas and Europe. The stock of auto components &amp; equipments company was trading at its lowest level since July 18, 2022. The company and its Netherland-based subsidiary entered into an amended settlement agreement with Vale Vision S.A.S. France for divesting its 4-wheeler lighting systems business in America and Europe. As per the revised terms, the said transaction price has been reduced from euro 600 million to euro [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-527965","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=527965"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/527965\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=527965"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=527965"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=527965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}