NEW DELHI: Auto components company Pricolllll today said it has transferred its 49 percent stake in a joint venture with Densoo Corporation to its Japanese partner for Rs 200 crore. Pricol Ltd in a filing to the BSE “In a filing,” the filing said Pricol Ltd Denso has come to Pricol India Pvt Ltd 49% stake sold to Japan’s Denso Corporation for Rs 2 for Rs 1 crore. ”

After the said sale, Denso Pricol India became a wholly owned subsidiary of Nippon Denso Corporation Ltd.

The company also stated that Denso Corporation is not a part of Pricol Ltd part of the promoter/promoter group/group of companies.

Pricol shares closed at Rs 32.80 per share on the BSE, up 3.14% from the previous close.