Latest news with #SmartChipMicroelectronicCorporation
News18
2 days ago
- Automotive
- News18
Pavna Industries, Taiwans SMC form JV to boost EV tech in India
Lucknow, Aug 15 (PTI) Uttar Pradesh-based Pavna Industries on Friday said it has entered into a joint venture with Taiwan-based SmartChip Microelectronic Corporation (SMC) to boost EV technology in India and grow into new high-growth markets. Pavna Industries will hold 80 per cent equity in the JV, while SMC will have a 20 per cent stake. Under the agreement, Pavna will bring its operational, manufacturing, and procurement expertise, and its deep understanding of the Indian automotive market, to oversee and manage the JV's operations, the company said in a statement issued here. 'Pavna Industries has entered into a joint venture agreement with SmartChip Microelectronic Corporation (SMC), which will offer to undertake and carry on the business of inter alia making electronic components for the automobile industry (ICE and EV) and for other industries like hardware for cupboard/door locks etc. in residential/ commercial industries, and medical, among others," the company said. Swapnil Jain, Managing Director, Pavna Industries Limited, said, 'By merging Pavna's manufacturing and market capabilities with SMC's state-of-the-art electronics knowledge, we expect to speed up the penetration of EV technologies in India as well as grow into new high-growth markets. With this partnership, we will also further enhance our capacity to serve domestic and global markets with innovative, dependable, and sustainable solutions". PTI KIS BAL BAL BAL view comments First Published: August 15, 2025, 21:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
India.com
2 days ago
- Business
- India.com
This company shares in focus as company forms JV with Taiwan-based firm
ओमांश इंटरप्राइजेज लिमिटेड का शेयर बना रहा मालामाल Shares of Pavna Industries Limited will be in focus when markets open on Monday as the company has informed exchanges that it has formed a joined venture with with Taiwan-based SmartChip Microelectronic Corporation. The company said that the new joint venture company will make electronic components for the automobile industry and others. 'The proposed Joint Venture (JV) Company to carry on the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks etc. in residential/commercial industries, aero, medical etc.,' the company said in the filing. As per the information share, the proposed shareholding structure for the joint venture underscores Pavna Industries Limited's significant control, with the company holding a majority stake of 80 per cent. The Taiwan-based company will own the remaining 20 per cent. The authorised and paid-up capital of the company shall be Rs 5,00,000 divided into 50,000 equity shares of Rs 10 each. 'The Equity Shares of proposed Joint Venture Company will be subscribed at a price of Rs. 10/- each by Pavna Industries Limited and Smartchip Mircoelectronic Corporation,' it further stated. The counter ended in the red in the last trading session, falling 2.03 per cent to Rs 410.35 compared to the previous close of Rs 418.85. This is part of a larger trend in the stock's performance. The 52-week high of the stock is Rs 759.55, hit on October 14, 2024, and the 52-week low is Rs 295.20. These figures provide a broader perspective on the stock's performance, indicating its potential for growth and the level of risk associated with it. According to the BSE Analytics, the stock has delivered a return of 86 per cent in two years. However, it has corrected 21 per cent in one year and 69 per cent so far this year. Earlier, benchmark stock indices Sensex and Nifty ended flat in a highly volatile trade on Thursday. Extending gains to the second day, the 30-share BSE Sensex climbed 57.75 points or 0.07 per cent to settle at 80,597.66. The 50-share NSE Nifty rose by 11.95 points or 0.05 per cent to 24,631.30.
Mint
2 days ago
- Business
- Mint
400% rally in four years! Small-cap multibagger stock to be in focus on Monday; here's why
Small-cap multibagger stock Pavna Industries will remain in focus in Monday's trading session after the company announced that the company will form a joint venture company with SmartChip Microelectronic Corporation, on Thursday, August 14. Pavna Industries share price fell over 2.68 per cent to close at ₹ 407.30 apiece on Thursday, as compared to previous close of ₹ 418.50 on Wednesday. The small-cap stock has remained volatile in the short-term. The stock gained nearly 7 per cent in past five trading sessions, however, descended 5.68 per cent in a month. Pavna Industries shares have given multibagger returns to its long-term investors by soaring over 400 per cent in four years. In an exchange filing dated August 14, the company informed the exchanges that there is a Joint Venture Agreement executed between Pavna Industries and SmartChip Microelectronic Corporation. The joint venture formed will undertake and carry on the business of making electronic components for the automobile industry. ' The proposed Joint Venture (JV) Company to carry on the business of inter alia making electronic components for the automobile industry (ICE & EV) and for other industries like hardware for cupboard/door locks etc. in residential/commercial industries, aero, medical Pavna,' the company said in the filing. The proposed shareholding structure for the joint venture will see Pavna Industries Limited holding a majority stake of 80 per cent, while SmartChip Microelectronic Corporation will own the remaining 20 per cent. The Authorised and paid-up capital of the company shall be ₹ 5,00,000 (Five lakh) divided into 50,000 (Fifty Thousand) Equity Shares of ₹ 10/- each. The company further informed the exchanges that the joint venture will be subsidiary of Pavna Industries Limited with 80 per cent holding and four directors will be nominated by Pavna Industries and one Director shall be nominated by SmartChip Microelectronic Corporation. ' The Equity Shares of proposed Joint Venture Company will be subscribed at a price of Rs. 10/- each by Pavna Industries Limited and Smartchip Mircoelectronic Corporation,' it said in case of issuance of shares to the parties. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
