Wabco India rises on incorporating wholly-owned subsidiary

Wabco India is currently trading at Rs. 8700.00, up by 98.55 points or 1.15% from its previous closing of Rs. 8601.45 on the BSE.

The scrip opened at Rs. 8602.25 and has touched a high and low of Rs. 8762.95 and Rs. 8524.60 respectively.

The BSE group ‘A’ stock of face value Rs. 5 has touched a 52 week high of Rs. 8,762.95 on 6-Jan-2021 and a 52 week low of Rs. 5285.00 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 8762.95 and Rs. 8300.00 respectively. The current market cap of the company is Rs. 16202.39 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 16.91% and 8.09% respectively.

Wabco India has incorporated a wholly-owned subsidiary namely ZF CV Control Systems Manufacturing India on January 5, 2022. It is contemplated that ZF CV Control Systems Manufacturing India shall carry on the business of manufacture, buy, sell and trade in auto ancillary parts (commercial vehicle control systems) for domestic and export markets and providing all services and utilities for the same and/or to carry out other related activities.

Wabco India designs, manufactures and markets conventional braking products, advanced braking systems, and other related air assisted products and systems.