Joint Venture22 Feb 2024, 10:43 pm
RUSHIL DECOR LTD. ENTERS INTO JOINT VENTURE AGREEMENT WITH MODALA PANELS AND BOARDS
AI Summary
The company has entered into a Joint Venture Agreement with Modala Panels and Boards for the purpose of manufacturing plywood and other allied products. The proposed shareholding of RDL and Modala group will be 51:49 respectively, and both parties will have right to appoint two directors each. The transaction is not a related party transaction and does not fall within related party transactions.,
Key Highlights
- Joint Venture Agreement with Modala Panels and Boards
- 51:49 shareholding ratio
- Right to appoint directors
- Not a related party transaction