Joint Venture28 Mar 2025, 01:13 am
Sandhar Technologies Ltd Exits Joint Venture with Jinyoung Electro-Mechanics Co. Ltd for INR 6,68,43,690
AI Summary
Sandhar Technologies Limited has executed a Share Purchase Agreement with Jinyoung Electro-Mechanics Co. Ltd for the sale of its entire stake in the joint venture, Jinyoung Sandhar Mechatronics Private Limited. The decision aligns with the company’s strategic objective of streamlining its business operations and concentrating on its core competencies. The transaction is expected to be completed by 31st March, 2025, with the buyer paying INR 6,68,43,690 on or before the same date.
Key Highlights
- Sandhar Technologies Ltd exits its joint venture with Jinyoung Electro-Mechanics Co. Ltd
- The sale is part of the company’s strategic objective to streamline business operations and focus on core competencies
- The transaction involves the sale of the entire stake in Jinyoung Sandhar Mechatronics Private Limited
- The agreement was executed on 27th March, 2025, and the sale is expected to be completed by 31st March, 2025
- The consideration for the sale is INR 6,68,43,690, to be paid by the buyer on or before 31st March, 2025