Sanyo will invest Rs 111 crore in the JV with a 29% stake, and Mitsui, Rs 76 crore for a 20% stake and the rest will be held by Mahindra Ugine, it said in an exchange filing, but did not provide the value of its own stake.
"Mahindra Ugine is expected to drive general management, Sanyo will lead the manufacturing function while Mitsui will support the marketing function of the joint venture," it said.
957
1100
349
699
1199
1999
1172
5550
249
599
684
1052
36662
38662
1119
2100
17089
34199
279
549
399
799
479
1200
352
900
199
395
599
999