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7 months ago
BRIEF-Onkyo to set up Minda Onkyo India Pvt. Ltd. with Minda Industries Ltd.
December 19, 2016 / 6:21 AM / 7 months ago

BRIEF-Onkyo to set up Minda Onkyo India Pvt. Ltd. with Minda Industries Ltd.

1 Min Read

Dec 19 (Reuters) - Onkyo Corp :

* Says it plans to set up a JV in India, named as Minda Onkyo India Pvt. Ltd., with Minda Industries Ltd.

* Says Minda Onkyo India Pvt. Ltd. to be engaged in speaker business

* Says the new JV to be capitalized at INR100 million and two shareholders to hold 50 percent stake in the JV respectively

* Says the establishment effective in late February, 2017

Source text in Japanese:goo.gl/rkbqtK

Further company coverage: (Beijing Headline News)

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