Urgent.News

600+ sources. One page. See who else covered it.

Editions

Business

Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors

Voltas’ board approved a binding term sheet with Atomberg Innovation Private Limited on Friday, an exchange filing showed. The venture will be owned equally, although Voltas will nominate three directors to its five-member board and Atomberg Innovation two. Voltas owns no stake in Atomberg Innovation.

Voltas, Atomberg Innovation plan 50:50 venture to manufacture AC compressors

We haven't written up this one. Economic Times Tech has the full story — the link below goes straight to it.

Read the original at economictimes.indiatimes.com →

More in Business

More from Friday 14 August →