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Pricol Ltd. has informed that its erstwhile Wholly-owned subsidiary Pricol Pune Ltd. has issued equal number of equity shares as held by Pricol Ltd. to Johnson Controls Enterprise Ltd., UK (a 100% subsidiary of Johnson Controls Inc.) on March 26.
With this, Pricol Pune Ltd. has become a 50:50 Joint Venture Company of Pricol Ltd. and Johnson Controls Enterprise Ltd.
India Infoline Research Team / 14:59, May 20, 2015
GPIL reported 13.5% yoy decline in operating profit as the impact of higher volumes was offset by lower product prices