Brief: Topy Industries to establish JV with Wheels India Limited

Wheels India

19/06/2017 05:23

June 19(Reuters) - Topy Industries Ltd  7231.T  
    
    * Says Wheels India Limited  WHEL.NS  to establish a new 
unit  named WIL Car Wheels Limited in September and the unit 
will be the joint venture of the co and Wheels India Limited  
    * Says the joint venture will be engaged in production and 
sales of passenger-car use steel wheels  
    * Says co and Wheels India Limited will hold 26 percent 
stake and 74 percent stake in the joint venture respectively  
 
    Source text in Japanese: https://goo.gl/EXzxh9 
    Further company coverage: 7231.T  WHEL.NS  
 
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