Sandhar Technologies Ltd has signed a Joint Venture Agreement with Winnercom Co., Ltd., Republic of Korea.
The joint venture is being established for manufacturing and selling, electronic parts and accessories for the automotive industries in India which would include Shark fin antenna and micro pole antenna etc and catering to the four-wheeler segment.
Sandhar Technologies Limited (STL) will hold 50% of total Equity Share Capital of the proposed Joint Venture Company.
Winnercom Co., Ltd., Republic of Korea will hold 50% of total Equity Share Capital of the proposed Joint Venture Company.
The Joint Venture Company will initially issue equity shares to both the patties (in Agreed Equity Proportion) at par value i.e. Rs. 100/- per equity share.
Shares of Sandhar Technologies Ltd was last trading in BSE at Rs.285.5 as compared to the previous close of Rs. 281.75. The total number of shares traded during the day was 522 in over 103 trades.
The stock hit an intraday high of Rs. 285.5 and intraday low of 275. The net turnover during the day was Rs. 144952.