Brief: India's Sharda Motor Industries Enters JV Pact

Sharda Motor Industries

16/04/2019 13:40

April 16 (Reuters) - Sharda Motor Industries Ltd  SHAD.NS :
    * ENTERED INTO A JOINT VENTURE (JV) AGREEMENT WITH
EBERSPAECHER
EXHAUST TECHNOLOGY INTERNATIONAL GMBH (EET
    * JV WITH AN EQUITY SHARING RATIO OF 50:50 BETWEEN JV
PARTNERS
    * COMPANY HAS PURCHASED ITS 50% SHARE IN PROPOSED JV COMPANY
I.E.
EXHAUST TECHNOLOGY PRIVATE LIMITED
    * EQUAL STAKE SHALL BE BROUGHT BY EET IN SAID PROPOSED JV
COMPANY
IN DUE COURSE OF TIME

Source text: https://bit.ly/2IzXZZp
Further company coverage:  SHAD.NS 

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