RSWM Ltd: Joint Venture Company LNJ NDS9 Global Pvt Ltd Incorporated

RSWM Ltd announced the incorporation of its joint venture company, LNJ NDS9 Global Private Limited, with NDS9 Private Limited. This JV aims to establish a Denim Garment facility with an estimated project cost of ₹186.30 crore. RSWM will hold a 74% stake, while NDS9 will hold 26%. The authorized share capital of the JV is ₹1.00 crore, comprising 10,00,000 equity shares of ₹10 each. This development follows earlier disclosures regarding the JV agreement and project cost.