Dollar Industries Ltd - Outcome Of Board Meeting Held On 31St December 2022
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| 31 Dec 2022 | |
| the Board of Directors of the Company at its meeting held on 31st December 2022 has approved Letter of Intent (LOI), whereby the Company would enter into a Joint Venture in the name and style of Dollar Garments Private Limited with Mr. Rohit More & Mr. Chetan Chowdhary along with their affiliates.The Company has decided to invest a sum upto INR 10 Crores in one or more tranches in Dollar Garments Private Limited, as per the terms of the Letter of Intent (LOI). The Company along with its affiliates shall hold 66.66 % in paid up equity share capital of Dollar Garments Private Limited and balance 33.34% shall be held equally by Mr. Rohit More & Mr. Chetan Chowdhary along with their affiliates. With the Company's investment in Dollar Garments Private Limited, the Company shall become a Holding Company of Dollar Garments Private Limited under Clause (46) of Section 2 of the Companies Act, 2013. | |
| View all announcements for Dollar Industries Ltd | Source: BSE India |
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