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The latest announcement is out from Cummins India Limited ( (IN:CUMMINSIND) ).
Cummins India Limited has announced the sale of its 100% stake in Cummins Sales & Service Private Limited (CSSPL) to PAL SVAM Power Solutions Private Limited for INR 56.5 crore. This strategic move, effective from April 1, 2025, is part of Cummins India’s efforts to optimize its business operations, potentially impacting its market positioning and financial focus without involving any related party transactions.
More about Cummins India Limited
Cummins India Limited operates in the engineering industry, providing power solutions and related services. The company focuses on manufacturing and distributing engines, generators, and related components, serving various sectors within the Indian market.
YTD Price Performance: -9.60%
Average Trading Volume: 11,972
Current Market Cap: 809.3B INR
For an in-depth examination of CUMMINSIND stock, go to TipRanks’ Stock Analysis page.