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 News Service / 09:04, Jan 22, 2015
The outlook is a flat start. The market will look to scale to new peaks though not much effort is needed for the same. HUL saw a rally and short-covering may have pulled it up further. Speculation is on that its parent will raise stake through an open offer. After the cooling in oil prices, Cairn results will be in focus.