SJS Enterprises Ltd signs MoU with BOE Varitronix Ltd

S.J.S. Enterprises Limited ("SJS") has signed a Memorandum of Understanding (MoU) with BOE Varitronix Limited ("BOEVX"), Hong Kong, to collaborate for manufacture of Automotive Displays in India.

The MoU envisages transfer of technology by BOEVX to SJS for setting up assembly and optical bonding of display screens, including localization of cover glass and backlight units for the Four-wheeler automotive market in India. Subject to successful feasibility study and grant of necessary approvals, the arrangement may be formalized through a Technical Assistance Agreement (TAA) or a Joint Venture between both parties.

The MoU provides for mutual exclusivity for both parties and is valid for a period of six (6) months. The MOU term may be extended by mutual agreement.

Shares of S J S Enterprises Limited was last trading in BSE at Rs. 1436.90 as compared to the previous close of Rs. 1434.25. The total number of shares traded during the day was 11352 in over 1281 trades.

The stock hit an intraday high of Rs. 1454.00 and intraday low of 1416.60. The net turnover during the day was Rs. 16290298.00.

Source : Equity Bulls

Keywords

SJSEnterprises AutoComponents Equipments INE284S01014 MoU BOEVaritronix