Aditya Infotech Merger & Restructuring Worth ₹1 Cr
Aditya Infotech incorporated a 50:50 JV, Corelink Cable Technology, with Orient Cables. The JV will manufacture electric cables, with AIL investing ₹1 Crore for a 50% stake.
- Value
- ₹1.00 Cr
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Aditya Infotech incorporated a 50:50 JV, Corelink Cable Technology, with Orient Cables. The JV will manufacture electric cables, with AIL investing ₹1 Crore for a 50% stake.
Aditya Infotech Limited (CPPLUS) entered into a 50:50 joint venture agreement with Orient Cables (India) Limited. The partnership aims to establish manufacturing facilities for electric cables, enabling backward integration and cost efficiencies. Both parties will have equal board representation and joint control over the new entity.
Aditya Infotech Limited executed a 50:50 Joint Venture Agreement with Orient Cables (India) Limited to manufacture electric cables. The partnership enables backward integration for products like LAN and CCTV cables. The new JV company will be equally owned and controlled by both parties to enhance supply reliability and cost efficiencies.