March 11, 2014

Tide Water Oil Co. ( India ) Japanese Joint Venture- Rs. 108 Cr Windfall

Tide Water Oil Co. ( India ) Limited which has a technical collaboration Agreement with JX Nippon Oil And Energy Corporation Japan ( JXNOE ) earlier known as Mitsubishi Oil Co. , is transferring this Collaboration business with JXNOE to a 50 : 50 Joint venture.

Tide Water would get a windfall of Rs. 108 Crore ( Tide Water Equity Rs.87 Lakh - Share Rs. 10 Paid )



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