Dhoot Transmission buys Scottish firm TFC Cable for Rs 100cr

Third largest electric component maker for auto sector Dhoot Transmission today agreed to acquire 100 per cent equity in Scotland-based TFC Cable Assemblies for Rs 100 crore, which will help the Aurangabad- based firm to strengthen its presence in Europe.

The deal will help the Rs 600-crore family-owned Dhoot to make a foray into the lucrative European & Eastern European markets apart from strengthening its presence in continental Europe and Britain.

Though the company refused to share the deal size, market sources told

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