Arrow Greentech has signed a wide-ranging agreement with Versarien Plc through its subsidiary Cambridge Graphene Ltd. Versarien (Gloucestershire, UK) and Arrow Greentech have entered into an exclusive commercial arrangement for the supply of propriety Graphinks (graphene inks) to Arrow Greentech for onward supply to the water-soluble film market worldwide; to collaborate on exploring the potential benefits of using graphene within security threads for banknotes and passports on a named-exclusive basis; Arrow Greentech will act as the company's exclusive agent, subject to separate sales agency agreement, of graphene to the tyre and associated rubber sectors in India; and Versarien will grant Arrow Greentech the right of first refusal to enter into discussions regarding any future plans for the company to create a manufacturing facility in India. Shares of Arrow Greentech slumped 5 per cent at ₹155.25, which is also its year low.

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