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An update from Cummins India Limited ( (IN:CUMMINSIND) ) is now available.
Cummins India Limited announced the approval for the sale of its wholly-owned subsidiary, Cummins Sales & Service Private Limited, to PAL SVAM Power Solutions Private Limited for INR 56.5 crore. This strategic divestment, subject to completion by April 1, 2025, signifies a shift in Cummins India’s operational focus, potentially impacting its market strategy and stakeholder interests by streamlining its business operations.
More about Cummins India Limited
Cummins India Limited operates within the industrial sector, focusing on manufacturing and distributing engines, power generation products, and related components. It serves both domestic and international markets, maintaining a strong presence in the power solutions industry.
YTD Price Performance: -9.60%
Average Trading Volume: 11,972
Current Market Cap: 809.3B INR
Learn more about CUMMINSIND stock on TipRanks’ Stock Analysis page.