Acquisitions24 Mar 2025, 11:13 pm
Linc Ltd Subscribes to 49% Stake in Joint Venture with Mitsubishi Pencil Co.
AI Summary
Linc Ltd has paid the subscription money to subscribe 98,00,000 Equity Shares of Rs. 10/- each, representing a 49% shareholding in the joint venture company, Uni Linc India Private Limited, as per the Joint Venture Agreement with Mitsubishi Pencil Company Limited. The joint venture aims to manufacture and sell high-quality yet affordable writing instruments tailored for the Indian consumer.
Key Highlights
- Linc Ltd pays subscription money for a 49% stake in Uni Linc India Private Limited.
- The joint venture aims to manufacture and sell affordable writing instruments for the Indian market.
- Mitsubishi Pencil Company Limited is a partner in the joint venture.