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Escorts Ltd: The board of directors has approved the proposal to divest 24 per cent equity in Escorts Yamaha Motor Ltd (EYML), a joint venture between Escorts Ltd and Yamaha Motor Co (YMC), Japan, manufacturing a wide range of motorcycles in India for the domestic market and exports.
Currently, the partners hold 50 per cent equity each.
The company would have the additional benefit of enlarging its scale of operations for manufacturing and supplying products worldwide.
Mahindra Ugine Steel Co. Ltd: Sidenor SA, Spain has communicated to the company that it has decided not to finalise the joint venture proposal, as it has decided to postpone its …