JAY BHARAT MARUTI LTD. - Announcement under Regulation 30 (LODR)-Updates on Joint Venture
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| 03 Aug 2022 | |
| In addition to our earlier letter dated 02.08.2022 and pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and pursuant to terms and conditions of Joint Venture Agreement dated 24* April, 2018 executed by the Company, this is to inform that the Board of Directors of the Company with the recommendation of the Audit Committee of the Company has approved the sale/transfer of 9781178 equity shares of Rs. 10/- each held in the Joint Venture Company namely " JBM OGIHARA DIE TECH PRIVATE LIMITED (JV Co.) to the other Joint Venture Partner namely M/s JBM Auto Limited ('JBMA'), which is further subject to the approval of the Board of JBM Auto Limited. Thereafter, post completion of the transfer of shares to JBMA, JBM OGIHARA DIE TECH PRIVATE LIMITED. will remain Joint venture company/associate of the Company and the post transaction Company's shareholding will reduce to 39% of the paid-up capital of the JV Co.. | |
| View all announcements for JAY BHARAT MARUTI LTD. | Source: BSE India |
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