Key Event Details
The joint venture company, Corelink Cable Technology Private Limited, was incorporated on June 10, 2026, in India. The JV was established between Aditya Infotech Limited (AIL) and Orient Cables (India) Limited under a 50:50 joint venture agreement.
Business Operations
The incorporated entity will be primarily engaged in the manufacturing of electric cables including LAN cables and CCTV cables, terminated assemblies, electric cables, connectors and allied products. The company operates in the Industrial Products sector.
Capital Structure and Investment Details
The initial paid-up share capital is ₹2,00,00,000 (Two Crore Rupees) consisting of 20,00,000 equity shares of ₹10 each. Both AIL and Orient Cables will each subscribe for ₹1,00,00,000 (10,00,000 equity shares of ₹10 each), resulting in equal 50% shareholding for both partners. The consideration is in cash form at face value of ₹10 per share.