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CVCI invested 9.5% equity in ITL in June 2005. Yanmar, a Japanese company, invested 12% equity in September 2005 as a strategic partner. ITL entered a joint venture with Magma Shrachi Finance in August 2007 to incorporate a new company with 74:26 equity participation ratio to finance tractor manufacturing. JM Financial Trustee Pvt Ltd invested 5% equity in ITL in January 2007 as a financial partner. Sonalika has manufacturing facilities in Hoshiarpur and Amb covering hundreds of acres and produces tractors,

Author

Anil Pandey

Language

EN