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China's Hisense Group to acquire 15-26 pc stake in Epack's new plant in India: Official

Summary by NewsDrum

Kolkata, Dec 26 (PTI) Chinese TV and appliance major Hisense Group plans to acquire a stake of between 15 and 26 per cent in a new air conditioning and washing machine manufacturing plant being established by Epack in Sri City, Andhra Pradesh, a top company official said on Thursday.It will depend on the Indian government regulations regarding foreign direct investment (FDI) from China, he said."We will take a minimum of 15 per cent or a maximum…

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China's Hisense Group to acquire 15-26 pc stake in Epack's new plant in India: Official

Kolkata, Dec 26 (PTI) Chinese TV and appliance major Hisense Group plans to acquire a stake of between 15 and 26 per cent in a new air conditioning and washing machine manufacturing plant being established by Epack in Sri City, Andhra Pradesh, a top company official said on Thursday.It will depend on the Indian government regulations regarding foreign direct investment (FDI) from China, he said."We will take a minimum of 15 per cent or a maximum…

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NewsDrum broke the news in 2 months ago on Thursday, December 26, 2024.

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