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Pricol Pune is 50:50 JV of Pricol, Johnson Controls

India Infoline News Service | Mumbai | March 27, 2012 10:58 IST

With this, Pricol Pune Ltd. has become a 50:50 Joint Venture Company of Pricol Ltd. and Johnson Controls Enterprise Ltd.

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.

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