Tokai Imperial Hydraulics India Private Limited announced that it will receive equity funding on December 17, 2012. Existing investor, Tokai Rubber Industries Ltd. and new investor, Imperial Auto Industries Ltd. will invest in the transaction. Tokai Rubber Industries Ltd. will acquire 1,157,550 shares in the transaction and will decrease its stake from 99.9% to 81.7%.

Imperial Auto Industries Ltd. will increase its stake by 18.2%. The transaction is tentatively expected to close on January 31, 2013. The transaction was approved by board of Tokai Rubber Industries Ltd.