Thursday, Apr 25 2024 | Time 11:23 Hrs(IST)
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Business Economy


Vindhya Telelinks signs JV with Portugese firm

New Delhi, Jun 6 (UNI) Vindhya Telelinks Ltd (VTL) today said it has entered into joint venture (JV) agreement with Portugal based Visabeira Global SGPS,SA, for EPC business in telecom,energy and other infrastructure sectors in India. The new company would be incorporated in India in the name and style of 'Birla Visabeira Private Ltd', it said in a statement. ''As per the JV, VTL along with its affiliates will hold 51 per cent shares in the paid up equity share capital of the new JV firm and the remaining 49 per cent shall be held by Visabeira,'' it said. It is expected that JV shall be operational by end of October,2015, it said. Visabeira Global is a leading Portugese company engaged in the business of telecommunications, energy, technologies and construction. UNI PY ABI VP1552
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