JNK India Ltd Enters Joint Venture for Green Hydrogen Technologies

JNK India Ltd has entered into a joint venture agreement with Mr. Tushar Wagh, Dr. Sunil Dhole and other investors. The joint venture company, named JNK Chemdist Technologies Private Limited, will undertake the business of green hydrogen technologies and other technologies. JNK India Ltd will hold 51% of the equity share capital of the joint venture company. The joint venture company will acquire select green hydrogen technologies from Chemdist group. The initial investment in the equity shares of the JV Company shall be Rs. 10 Million of which an amount of Rs. 5.10 Million shall be invested by the Company (51% of the equity share capital). Further, the Company shall invest Rs. 100 Million through subscription of preference shares.