Apar Industries enters into agreement with ENI S.P.A

Apar Industries Ltd has announced that the Company has entered into a License Agreement with ENI S.p.A. - Divisione Refining and Marketing, Italy (ENI) for the grant by ENI to Apar Industries Ltd (Apar) license to use its proprietary trade marks including its famous AGIP Brand & know-how, trade names and forumuale for the manufacture and sale of lubricating oils, greases and special products for industrial, automotive and marine applications at Company's Special Oils Division.

For the purpose of marketing of full line of automotive and Industrial lubricants, Company has through its Joint venture Company, Apar Chematek Lubricants Ltd entered into Distribution Agreement with ENI to promote and distribute lubricating oils, greases and marine applications and car care good in the territory of India for the product of imported as well as produced in India.

The Stock was trading at Rs.203.75, down by Rs.0.60 or 0.29%. The stock hit an intraday high of Rs.208 and low of Rs.203.35. The total traded quantity was 8415 compared to 2 week average of 4079.

Source : Equity Bulls

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