Kothari Industrial Corporation Ltd Acquires 51% Stake in New Design Venture
Kothari Industrial Corporation Limited has established a strategic joint venture through the incorporation of a new entity, KOTHARL INDUSTRIAL IUAD DESIGN PRIVATE LIMITED. The company acquired a controlling stake in the subsidiary, which focuses on world-class design education and skill development.The newly incorporated entity, established under the Companies Act, 2013, is designed to function as the campus in India of Accademia IUAD from Italy. This venture aims to provide internationally recognized research and skill development across various creative disciplines. These fields include Footwear Design, Textile Design, Fashion Design, Jewellery Design, Cinematography, Product Design, Communication Design, and other allied design disciplines.
Kothari Industrial Corporation Limited secured a 51% ownership shareholding in the subsidiary by subscribing to shares.
The key financial details of this investment are presented below:
| Particulars | Details |
|---|---|
| Entity Incorporated | KOTHARI INDUSTRIAL IUAD DESIGN PRIVATE LIMITED (Incorporated on July 27, 2026 in India) |
| Stake Acquired by Kothari Industrial Corporation Ltd. | 51% of the paid-up equity share capital |
| Subscription Details | Kothari Industrial Corporation Ltd subscribed to 25,50,000 equity shares at ₹10/- each (at par). |
| Total Consideration for Acquisition | ₹2,55,00,000 |
The subsidiary's operational foundation is secured with the allotment of Plot No. 14 by SIPCOT, with a total area of 3.34 acres in Hosur. As a newly incorporated company, KOTHARL INDUSTRIAL IUAD DESIGN PRIVATE LIMITED currently has no business operations.
KOTIC Stock Price Movement
Kothari Industrial Corporation Limited shares are slipping by 3.73% in live trading, currently at ₹158.68 as of 2:15 PM, as the stock trades down ₹6.14. The equity saw a total traded volume of 12,427 shares, indicating active selling pressure despite remaining above its day low of ₹155.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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