Jamna Auto: Outcome of board meeting

Jamna Auto Industries at its meeting held on March 26, 2013, has accepted the proposal of NHK Springs Co., Ltd, Japan to purchase Company's 5.39% stake in JV Company i.e., NHK Springs India Ltd. at a consideration of Rs 25.50 crore.

March 28, 2013 / 11:59 IST

Jamna Auto Industries Ltd has informed BSE that: 1. The Board of Directors of the Company at its meeting held on March 26, 2013, has accepted the proposal of NHK Springs Co., Ltd, Japan to purchase Company's 5.39% stake in JV Company i.e., NHK Springs India Ltd. at a consideration of Rs. 25.50 Crores.2. Mr. V. Subramainian is appointed as nominee director of IFCI Ltd. in the Board of Directors of the Company in place of Mr. D. K. Jain.3. Mr. Vivek Bhatia is appointed as Chief Financial Officer of the Company.Source : BSE

Read all announcements in Jamna Auto

first published: Mar 28, 2013 11:59 am

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