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More news about ZF Steering Gear
18Mar 25
Z F Steering Gear (India) Invests ₹4.87 Crore in Subsidiary Metacast Auto Through Rights Issue
Z F Steering Gear (India) Limited has invested ₹4.87 crore in its subsidiary Metacast Auto Private Limited through a rights issue. The company subscribed to 4.05 million equity shares at ₹12 per share, maintaining its 51% stake. The investment aims to help Metacast repay existing loans and fund operating expenses. Metacast's authorized and paid-up capital has increased to ₹8 crore, with ownership split between Z F Steering Gear (51%) and Supreme Iron (India) Private Limited (49%).