PUNE, Oct. 30
Notwithstanding the decision to make India as a strategic sourcing base for its global operations, Alfa Laval AB of Sweden - part of the Tetra Laval Group - does not propose any immediate increase in its stake in Alfa Laval India Ltd (ALIL). The parent currently controls 51 per cent of ALIL's equity through its holding company, Alfa Laval Holdings Amsterdam AB.
"We are happy with our existing stake and don't see any need to raise it beyond 51 per cent now. Moreover, since its (ALIL's) share price is very high and we'll have to buy it at a premium, increasing our stake could be an expensive proposition," the Executive …