Brief: India's Fiem Industries Signs JV With Aisan Industry Co Ltd, Japan

FIEM Industries

30/03/2018 13:12

March 30 (Reuters) - Fiem Industries Ltd  FIIN.NS :
    * SIGNED JV WITH AISAN INDUSTRY CO LTD, JAPAN
    * JV FOR MANUFACTURE OF FUEL INJECTION SYSTEM, IC CONNECTOR
FOR
TWO-WHEELERS, THREE-WHEELERS FOR INDIAN MARKET
    * SAYS INITIAL SHARE CAPITAL OF JV CO IS PROPOSED 1 BILLION
RUPEES
    * SHAREHOLDING OF CO IN JV TO BE 26 PERCENT AND AISAN
INDUSTRY CO
WILL BE AT LEAST 69 PERCENT
    * FACTORY OF JV TO BE IN RAJASTHAN

Source text - https://bit.ly/2E6StaH
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