-
ALSO READ
JVC to hit the Indian market with audio/video products; aims to capture 10 pct share Panasonic celebrates 100th anniversary India to be mfg hub for Middle East & Africa: Panasonic Union Budget 2018-19: ASSOCHAM seeks venture capital pool & lower tax rates for electronics sector Micromax forays into refrigerator, washing machine segments -
To transfer auto comp business to JVC
Supreme Industries has executed definitive agreements with Kumi Kasei Co. (Kumi) and the Kumi Supreme India (JVC) on 4 April 2018, i.e. a Joint Venture Agreement and a Business Transfer Agreement, to record the terms and conditions of the transaction. The Auto Comp Business will be transferred for cash consideration of approximately Rs 108 crore. Further, the Company will hold 20.67% of the share capital of the JVC. The transaction is expected to close by June 2018.Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
RECOMMENDED FOR YOU