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Tube Investments of India Ltd Enters Into Agreement With Tsubamex Company Limited To Form Joint Venture Company In India

Friday, 12 Jul 2013 09:03am EDT 

Tube Investments of India Ltd announced that the Company (TII) on July 12, 2013 has entered into an agreement with M/s. Tsubamex Company Limited (Tsubamex), Japan to form a Joint Venture Company (JVC) in India to engage in the business of design and engineering of sheet metal dies & fixtures and providing related services. The JVC will have an initial share capital of a maximum of INR70 Million with equal (50:50) equity participation by TII and Tsubamex. The JVC will primarily cater to the requirements of automotive industry and white goods sector. 

Company Quote

16.75 +5.10%
22 Oct 2014