Alan Scott Industriess inks MoU with Nonoveu for JV

Alan Scott Industriess Ltd. has signed a Memorandum of Understanding (MoU) with Nanoveu (ASX:NVU) to establish a new Joint Venture (JV).

A new JV Company in the name and style of 'Alan Scott Nanoveu India Ltd.' has been incorporated in which Alan Scott will hold 51% of its issued, subscribed and paid-up capital and Nanoveu will hold 35%.

The JV shall will focus on selling & distribution of Antibacterial Surface Protectants, Wellness, Indoor Air & Environment, Energy Efficiency & Lifestyle products in India.

Shares of Alan Scott Industries Ltd was last trading in BSE at Rs. 140.10 as compared to the previous close of Rs. 147.45. The total number of shares traded during the day was 161 in over 17 trades.

The stock hit an intraday high of Rs. 147.65 and intraday low of 132.20. The net turnover during the day was Rs. 23062.00.

Source : Equity Bulls

Keywords

AlanScottIndustriess INE273F01022 MoU Nanoveu JV NVU