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Brakes India acquires 10% stake in Japan’s TBK | Chennai News

Brakes India acquires 10% stake in Japan’s TBK | Chennai News

Chennai: Brakes India, part of the T S Santhanam Group (a faction of the larger TVS Group of Companies), and Japan-based TBK Co. Ltd. have signed a capital and business alliance agreement under which Brakes India will acquire a 10% shareholding in TBK through a primary capital infusion for an undisclosed sum.TBK, a leading global auto component manufacturer in the M&HCV segment, specialises in...