Joint Venture7 Mar 2026, 08:21 pm
Kernex Microsystems India Ltd Enters Joint Venture with Bharat Heavy Engineering Private Limited
AI Summary
Kernex Microsystems India Ltd has entered into a Joint Venture Agreement with Bharat Heavy Engineering Private Limited. The purpose of this agreement is to develop a Moving Block System integrated with ATS and ATO on the Kavach platform and CTC. Kernex Microsystems (India) will hold 51% of the proposed joint venture, while Bharat Heavy Engineering Private Limited will hold 49%. There are no special rights, restrictions, or liabilities imposed on the listed entity. The joint venture does not involve any related party transactions or potential conflicts of interest.
Key Highlights
- Kernex Microsystems India Ltd has entered a Joint Venture Agreement with Bharat Heavy Engineering Private Limited.
- The purpose of the agreement is to develop a Moving Block System integrated with ATS and ATO on the Kavach platform and CTC.
- Kernex Microsystems (India) will hold 51% of the proposed joint venture, while Bharat Heavy Engineering Private Limited will hold 49%.
- There are no special rights, restrictions, or liabilities imposed on the listed entity.
- The joint venture does not involve any related party transactions or potential conflicts of interest.