Syrma group enters into JV agreement with Shinhyup Electronics Co. Ltd

A Joint Venture Agreement has been entered amongst Syrma SGS Technology Limited("Company"), Syrma Strategic Electronics Private Limited (a wholly owned Subsidiary of the Company) and Shinhyup Electronics Co. Limited, South Korea ("Shinhyup Electronics") on Tuesday, July 15, 2025 for manufacturing of multi-layer Printed Circuit Board (PCB) including flexible PCBs and similar other products, as may be agreed from time to time.

Pursuant to the Agreement, the Company will initially hold 75% shareholding in the Joint Venture Company (JVCo.) and the balance 25% will be held by Shinhyup Electronics Co. Limited.

Shares of Syrma SGS Technology Limited was last trading in BSE at Rs. 695.70 as compared to the previous close of Rs. 681.50. The total number of shares traded during the day was 149933 in over 5282 trades.

The stock hit an intraday high of Rs. 700.00 and intraday low of 680.00. The net turnover during the day was Rs. 103665812.00.

Source : Equity Bulls

Keywords

SyrmaSGSTechnology INE0DYJ01015 IndustrialElectronics JVAgreement SyrmaStrategicElectronics ShinhyupElectronics SouthKorea