Voltas increases stake in JV; stocks gains

Voltas has bought additional 11 per cent stake in Lalbuksh Voltas Engineering Services from its joint venture partner Lalbuksh Contracting and Trading Establishment for Rs 6.65 crores.

By ET Bureau | Updated: Apr 05, 2011, 12.31 PM IST

MUMBAI: Voltas has bought additional 11 per cent stake in Lalbuksh Voltas Engineering Services from its joint venture partner Lalbuksh Contracting and Trading Establishment for Rs 6.65 crores.

With this, Lalbuksh Voltas Engineering Services has become a subsidiary of Voltas. The company now holds 60 per cent stake in Lalbuksh Voltas Engineering Services.

The JV is engaged in the business of water and oil drilling, water management and landscaping.

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