Joint Venture30 Nov 2023, 01:50 am
PCBL Limited to Enter Joint Venture with Kinaltek for Battery Application Products
AI Summary
PCBL Limited has approved the term sheet for entering into a joint venture with Kinaltek for setting up a manufacturing facility for nano silicon-based products. The company will own 51% of the shareholding in the joint venture company and will infuse a consideration of USD 16,000,000 in the JV company. This move marks the company's entry into the high-growth and highly profitable segment of battery applications.,
Key Highlights
- PCBL Limited to enter joint venture with Kinaltek for battery application products
- Company to infuse USD 16,000,000 in the JV company
- Marks the company's entry into high-growth and highly profitable segment of battery applications