Joint Venture13 May 2025, 09:17 pm
Deep Industries Subsidiary Enters Joint Venture with Simplex Infrastructures
AI Summary
Deep Industries Ltd. announces that its subsidiary, Breitling Drilling Private Limited, has entered into a Joint Venture Agreement with Simplex Infrastructures Limited. The joint venture aims to create business synergies and capture prospective growth opportunities. As per the agreement, Breitling Drilling Private Limited will own 74% of the equity shares/voting rights, while Simplex Infrastructures Limited will hold the remaining 26%.
Key Highlights
- Deep Industries' subsidiary, Breitling Drilling Private Limited, has formed a joint venture with Simplex Infrastructures Limited.
- The joint venture aims to create business synergies and capture growth opportunities.
- Breitling Drilling Private Limited will own 74% of the equity shares/voting rights, while Simplex Infrastructures Limited will hold 26%.