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NCL INDUSTRIES LTD. - Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
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17 Sep 2021
Dear Sir&lt;BR&gt; NCL Industries Ltd (NCLIL) has entered in to a Joint Venture Agreement with Moravia Containers A.S. of Czech Republic to set up a Joint Venture Company for manufacture of Modular Containers &amp; Systems and other products.&lt;BR&gt; &lt;BR&gt; The Agreement provides for Equity participation of 74.9% by NCLIL and its affiliates in the Joint Venture Company.&lt;BR&gt; &lt;BR&gt; The initial Equity investment by NCLIL towards its share of Equity in Joint Venture company shall not exceed INR10.00 Crores (Rs.Ten Crores).&lt;BR&gt; &lt;BR&gt; &lt;BR&gt; This is for your kind information and records please.&lt;BR&gt; &lt;BR&gt; Yours faithfully,&lt;BR&gt; for NCL INDUSTRIES LIMITED, &lt;BR&gt; &lt;BR&gt; &lt;BR&gt; &lt;BR&gt; T.ARUN KUMAR&lt;BR&gt; Vice President &amp;Company Secretary&lt;BR&gt;
View all announcements for NCL INDUSTRIES LTD. Source: BSE India

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