Signs Joint Venture Agreement

| Updated on September 28, 2011 Published on September 28, 2011

Minda Industries Ltd has informed BSE that the Company has signed the Joint Venture Agreement (JVA) with Kyoraku Co. Ltd., Japan and Nagase & Co. Ltd., Japan for manufacturing of Blow Moulding Plastic Products. The Equity participation in the JV Company will be in the ratio of 74:16:10, where Minda Industries Ltd. will hold 74% and the remaining 16% and 10% will be held by Kyoraku Co. Ltd. and Nagase & Co. Ltd. respectively.

Source : BSE - >www.bseindia.com

Published on September 28, 2011
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