ZF Steering Gear (India) Limited has received a communication, from ZF Friedrichshafen AG and ZF India Private Limited, stating that they have filed a Commercial IP Suit No. (L): 27382 of 2024 along with Interim Application No. (L): 28099 of 2024 before the Hon'ble High Court of Judicature at Bombay in relation to the alleged infringement of the alleged trademarks/mark of ZF Friedrichshafen AG and/or and ZF India Private Limited and amongst other things, ZF Friedrichshafen AG and ZF India Private Limited have allegedly demanded a sum of Rs.200 crore in alleged damages, from the Company and prayed for certain interim/ad-interim relief(s) till the conclusion of the aforesaid Commercial Suit.
In the Company's opinion, it has not committed any act of infringement and/or passing off and the Company does not in any manner whatsoever, accept any allegation of infringement, passing off and/or demands of ZF Friedrichshafen AG & ZF India Private Limited.
This communication is addressed without prejudice to the rights of the Company and other remedies available with/ to the Company.
Shares of Z.F.STEERING GEAR (INDIA) LTD. was last trading in BSE at Rs. 1512.90 as compared to the previous close of Rs. 1526.40. The total number of shares traded during the day was 2510 in over 179 trades.
The stock hit an intraday high of Rs. 1559.00 and intraday low of 1506.10. The net turnover during the day was Rs. 3836627.00. |
