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| Exchange Disseminated Time 21/09/2015 09:26:14 | Steel Strips Wheels Ltd has informed BSE that Kalink Co. Ltd have agreed to invest an amount equivalent to USD 2 million by subscribing equity shares in SSWL as per applicable Acts, rules and regulations and as per the terms and conditions as may be mutually agreed between both the parties.
Klink, Co. Ltd is a South Korean based corporation and is organized and existing under the laws of South Korea. It is a leading Alloy Wheel manufacturer and is having manufacturing facilities at Korea and China with a total manufacturing capacity of 4.5 million wheel rims p.a and is supplying to major OEM viz Volkswagen, Nissan and Chrysler etc.. |
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