Joint Venture23 Oct 2025, 01:22 pm
Kranti Industries Ltd. Announces Joint Venture: KRAKO Precision Private Limited
AI Summary
Kranti Industries Ltd. has announced the incorporation of a new company, KRAKO Precision Private Limited (KPPL), as a joint venture. The Ministry of Corporate Affairs approved the incorporation on October 22, 2025. Kranti Industries will invest a total sum of R87.50 lakhs, representing a 35% equity stake in the paid-up share capital of KPPL, making KPPL an Associate Company of Kranti Industries.
Key Highlights
- Kranti Industries Ltd. has formed a joint venture with KRAKO Precision Private Limited.
- The Ministry of Corporate Affairs approved the incorporation of KPPL on October 22, 2025.
- Kranti Industries will invest R87.50 lakhs for a 35% equity stake in KPPL.
- KPPL will become an Associate Company of Kranti Industries.
- KPPL is incorporated for the business of machining critical casting components.