Indo Asian Fusegear joins hand with Brilliant AG

Indo Asian Fusegear Ltd has announced that the Management of the Company and Brilliant AG, Germany have agreed to set up a JV Company to market state of the art modern style Lighting Equipments, Fittings & Accessories in India and a MOU in this respect has been finalised.

Brilliant, A.G. is one of Europe's leading names in lighting for the modern home, which offers a comprehensive assortment of lamps and fittings for both indoors and outdoors as well as for diverse interior designs and lighting requirements. It has complete range of indoor and outdoor light fittings comprises over 2,000 products.

The proposed JV plans to introduce a range of products of Lighting Equipments, Fittings & Accessories. It is assessed that there is huge market / scope for their products in Indian Market and the JV Company will open its showrooms to offer its range of products to customers of Indian and SAARC Countries region keeping in mind the needs and preferences of customers.

The stock closed the day at Rs.114.70, up by Re.0.65 or 0.57%. The stock hit an intraday high of Rs.115.80 and low of Rs.113.20. The total traded quantity was 3913 shares compared to 2 week average of 9391.

Source : Equity Bulls

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