Prakash Steelage completes JV agreement with Tubacex SA Spain

Industry:    2015-12-31

MUMBAI: Stainless steel tubes and pipes manufacturer Prakash SteelageBSE 6.42 % today said Spain’s Tubacex SA has completed acquisition of a majority 67.5 per cent stake in its seamless stainless steel tubes division. Prakash Steelage had entered into a joint venture (JV) agreement with the Spanish stainless steel maker in February, 2015. Following the JV agreement, Prakash Steelage transferred the seamless stainless steel tubes and pipes division to Tubacex Prakash India Pv .. Read more at: http://economictimes.indiatimes.com/articleshow/50385146.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

print
Source: