Carlyle Group enters Indian auto parts industry with Highway-Roop platform buy
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Carlyle Group, a U.S.-based investment firm, has acquired a controlling stake in a new entity formed by the merger of Indian auto parts companies Highway Industries and Roop Automotives, marking its entry into India's auto components market.
February 13, 2025 | 6:30 am
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Carlyle Group has acquired a controlling stake in a new entity formed by the merger of Indian auto parts companies Highway Industries and Roop Automotives, marking its entry into India's auto components market.
The acquisition signifies Carlyle Group's strategic expansion into the Indian auto components market, which could enhance its investment portfolio and potentially lead to positive financial outcomes. This move is likely to be viewed favorably by investors, leading to a positive short-term impact on CG's stock price.
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