Kabra Extrusiontechnik, a part of Kolsite group, has entered into a 50:50 joint venture with Italy-based Penta SRL, a Piovan Group company that is engaged in manufacturing and distribution of auto feeding systems..Advaita Legal advised Penta SRL with a team led by Principal Satyajit Gupta and Associate Saurabh Sharma..Sterling Law Partners acted for Kabra with a team led by Partner Narendra Joshi..This is the first joint venture established by Penta as Piovan Group has been operating through subsidiaries across the world..The JV company, which is proposed to be named as Penta Systems India Ltd, will set up a plant for manufacturing and trading of auto feeding systems for the plastics and food processing industries, reports Business Standard.
Kabra Extrusiontechnik, a part of Kolsite group, has entered into a 50:50 joint venture with Italy-based Penta SRL, a Piovan Group company that is engaged in manufacturing and distribution of auto feeding systems..Advaita Legal advised Penta SRL with a team led by Principal Satyajit Gupta and Associate Saurabh Sharma..Sterling Law Partners acted for Kabra with a team led by Partner Narendra Joshi..This is the first joint venture established by Penta as Piovan Group has been operating through subsidiaries across the world..The JV company, which is proposed to be named as Penta Systems India Ltd, will set up a plant for manufacturing and trading of auto feeding systems for the plastics and food processing industries, reports Business Standard.