Apar Industries enters into JV agreement with PPS Motors

Apar Industries Limited (AIL) has entered into a Joint venture agreement with M/s. PPS Motors Private Limited (PMPL) and Other and for the purpose incorporated a Company in the name of 'Ampoil Apar Lubricants Private Limited' (AALPL).

January 02, 2018 / 16:15 IST

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We wish to inform you that the Company, M/s. Apar Industries Limited (AIL) has entered into a Joint venture agreement with M/s. PPS Motors Private Limited (PMPL) and Other and for the purpose incorporated a Company in the name of 'Ampoil Apar Lubricants Private Limited' (AALPL). AALPL will market Lubricants in the AMPOIL Brand which is a brand owned by PPS Business Solutions. The focus will be to sell Lubricants to State Government, Central Government, Public Sector or Semi-Government, Defense and Original Equipment Manufacturers. The share of the Company in the Joint Venture is 40%. There is no impact on management and control of the Company.Source : BSE

first published: Jan 2, 2018 04:15 pm

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