Likhitha Infrastructure board approves JV with Arabian HAK, Saudi Arabia

27 Sep 2022 , 11:48 AM

The Board of Directors of Likhitha Infrastructure Ltd, at their meeting held on Monday, has approved the incorporation of a Joint Venture Company along with Arabian HAK, Saudi Arabia.

In a regulatory filing, the company said, “The incorporation of the Joint Venture will help the Company to tap into business in the Middle East and other Oil and Gas exporting countries.”

Further, the proposed Joint Venture will be a related party once incorporated, it further added.

At around 11:46 AM, Likhitha Infrastructure Ltd is currently trading at Rs345.85 per share down by Rs1.9 or 0.55% from its previous closing of Rs347.75 per share on the BSE.

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