The world's fourth largest tyre manufacturer Continental has taken over full control of India's Modi Tyres Company in an all-share deal valued at 18.6 million euros.
When Modi Rubber closed an agreement with German tyre manufacturer Continental for outright sale of Modi Tyre Company Ltd (MTCL) last month, the exit led to speculation of the group foregoing interests in the segment.
It also asked why the data shared pertained to a period from April 2019 even though the scheme for anonymous political funding was introduced in 2017.