Fontana Gruppo, an Italian fasteners manufacturers, has agreed to pick up majority stake in auto component maker Right Tight Fasteners Pvt. Ltd. to expand presence in India. Some Bullet Points

Fontana Gruppo is acquiring a 60% stake in Nashik-based Right Tight Fasteners (RTF) for nearly ₹1,000 crore. The deal, structured in two parts, will expand RTF’s operations in India and enhance its international presence, leveraging Fontana’s capabilities. The RTF management team will run the combined entity in India. Some Bullet Points