Comments
BSE-listed Alan Scott Industries Ltd has decided to enter the retail sector through a joint venture with Vasibala Ventures Pvt. Ltd
"The company will be operating franchise stores in India. For this purpose, the company is in process of incorporating a subsidiary company in the name and style 'Allan Scott Retail Limited and Allan Scott will be holding about 85 per cent of the issued, subscribed and paid-up capital of the said subsidiary," the company said in a stock exchange filing.
At close, the company's share price was down nearly 5 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.