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The latest announcement is out from ABB India Limited ( (IN:ABB) ).
ABB India Limited’s Board of Directors has approved the incorporation of a wholly owned subsidiary to potentially house its Robotics business as a separate legal entity. This strategic move aligns with the ABB Group’s global plan to spin off its Robotics division, although no final decision on divestment has been made, pending further evaluations and regulatory approvals.
More about ABB India Limited
ABB India Limited operates in the industrial technology sector, focusing on robotics and automation solutions. The company is part of the global ABB Group and is known for its advanced technological integration in the robotics industry.
Average Trading Volume: 10,739
Technical Sentiment Signal: Sell
Current Market Cap: 1143.8B INR
Learn more about ABB stock on TipRanks’ Stock Analysis page.