Ind-Swift Laboratories Ltd to Incorporate a 50:50 Joint Venture with Mr. Nikhil Goel for Participating in Chandigarh Premier League

Ind-Swift Laboratories Ltd has approved the incorporation of a new Joint Venture (JV) in the form of LLP for participating in the first edition of the Chandigarh Premier League (CPL). The JV will be incorporated as a 50:50 partnership between the Company and Mr. Nikhil Goel, subject to completion of statutory and regulatory formalities. The JV will have a capital contribution of up to Rs. 2 Crores and will engage in sponsorship/ownership of a team in the CPL and participation in cricket tournaments and other sports-related initiatives.