Others

Sharda Motor Industries Ltd - Announcement under Regulation 30 (LODR)-Updates on Joint Venture

| Updated on June 12, 2019 Published on June 12, 2019

In furtherance to our Letter No. SMIL: BSE/NSE: 19-20/1604, dated 16th April, 2019, whereby we have intimated that in pursuance of Joint Venture (JV) Agreement the Company has purchased its 50% share (5,000 shares of Rs. 10 each) in the proposed JV Company i.e. Exhaust Technology Private Limited (ETPL) and an equal stake shall be brought by the Eberspaecher Exhaust Technology International GmbH (JV Partner or EET) in due course of time, the Company do hereby submit that JV Partner acquired / bought its 50% share (5,000 shares of Rs. 10 each) in ETPL, accordingly the ETPL becomes the JV Company of EET and Sharda Motor Industries Limited.

This is for your information and records.

Pdf Link: Sharda Motor Industries Ltd - Announcement under Regulation 30 (LODR)-Updates on Joint Venture

Source : BSE - www.bseindia.com

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

Published on June 12, 2019
This article is closed for comments.
Please Email the Editor