Joint Venture27 Dec 2025, 02:22 pm
Kerala Ayurveda Ltd. Enters Joint Venture with Ms. Monica Mohindra for Sports Education and Recreation Services
AI Summary
Kerala Ayurveda Ltd. has entered into a Joint Venture Agreement with Ms. Monica Mohindra through its wholly owned subsidiary company, Nutraveda PTE LTD. The Joint Venture Company, Pt. Kerala Ayurveda Bali, will carry on the business of sports education and recreation services, including allied hospitality and accommodation services, traditional wellness, health, and spa-related activities, and such other allied businesses as may be mutually agreed from time to time. The WOS will hold 50% in the proposed JVCo. and the balance 50% will be held by Ms. Monica Mohindra.
Key Highlights
- Kerala Ayurveda Ltd. has formed a Joint Venture Company, Pt. Kerala Ayurveda Bali, with Ms. Monica Mohindra.
- The JVCo. will carry on the business of sports education and recreation services, including allied hospitality and accommodation services, traditional wellness, health, and spa-related activities, and such other allied businesses as may be mutually agreed from time to time.
- The WOS, Nutraveda PTE LTD., will hold 50% in the proposed JVCo. and Ms. Monica Mohindra will hold the remaining 50%.