Brief: India's Indag Rubber Agrees JV With Sun Mobility, Singapore And Alberieth Ev Services

Indag Rubber

23/01/2019 08:18

Jan 23 (Reuters) - Indag Rubber Ltd  IDGR.BO :
    * SAYS CO AGREED TO ENTER INTO JOINT VENTURE WITH SUN
MOBILITY PTE
LTD, SINGAPORE AND ALBERIETH EV SERVICES (P) LTD.
    * CO WILL HAVE 90 PERCENT ECONOMIC STAKE IN JVCO WITH AN
INVESTMENT OF 135 MILLION RUPEES, WHILE SUN MOBILITY PTE LTD,
WILL INVEST 15 MILLION RUPEES
    * CO AND SUN MOBILITY SHALL NOT TRANSFER THEIR SHAREHOLDING
TO ANY
OTHER THIRD PARTY FOR A PERIOD OF 3 YEARS FROM CLOSING DATE

Source: https://bit.ly/2CO72S7
Further company coverage:  IDGR.BO 

 ((Reuters.Briefs@thomsonreuters.com;))