Sona Comstar to collaborate with Israeli firm to develop new motor for electric vehicles

New Delhi, Jul 15 (PTI) Auto component maker Sona Comstar on Thursday said it has joined hands with Israel's IRP Nexus Group (IRP) to initiate a project to co-develop a new electric motor that would avoid usage of rare earth elements.

SONA BLW - Announcements on Moneycontrol.com

Please find attached a media release by the Company; titled ''iCreate brings together IRP Systems of Israel and Sona Comstar of India to create a revolutionary magnet-less e-motor technology for the global electric vehicles market.''

Listing Ceremony Speech: Mr. Vivek Vikram Singh
Listing Ceremony Speech: Mr. Sunjay Kapur
Sona Comstar Makes A Subdued Debut, Lists At 4% Premium

Sona Comstar IPO: The ? 5,550-crore IPO, which was open between June 14 and June 16, comprised a fresh issue of ? 300 crore and an offer for sale of ? 5,250 crore by the selling shareholder

Sona Comstar lists at 4% premium over issue price

Sona Comstar, which was sold from June 14 to June 16, was subscribed 2.33 times, with the portion meant for qualified institutional buyers (QIBs) getting subscribed 3.54 times.

All you need to know about Sona Comstar IPO

The issue comprises fresh issuance of equity shares, aggregating up to Rs 300 crore, and an offer for sale of shares worth up to Rs 5,250 crore.