TVS Unit Sold to Finnish Company @ whatisindia.com Monday, March 05, 2007 23:52:20 IST

TVS Electronics is planning to divest its electronic contract manufacturing services business to Finland based Incap Corporation for Rs. 50-60 crore (USD 11-13 million) to re-focus on its core peripherals business.

Incap will use the Tumkur, Karnataka based unit with 250 workforce will be used to service Indian and Asia-Pacific markets.

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