Announced Thu, 16 Jul · 15:14 IST
Ameenji Rubber signs exclusive tech licence with Korea's Macroad Co
Strategic Transactions View source PDF
Price
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Price reaction · full curve 14 horizons · vs prior close
-9.0%1-day move
₹149.80
prior close
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AI summary
Ameenji Rubber Limited has signed a Technology Licence Agreement with Macroad Co., Ltd., Republic of Korea, on 16 July 2026. It grants an exclusive licence to use the technology in India for manufacturing, marketing and sale of specified products. Key terms: USD 300,000 licence fee payable in phases, plus a running royalty of 2.5 percent of net sales of licensed products. The agreement is for 5 years, extendable, and is not a related party transaction.
Likely market impact
May strengthen the company's technology base and enable new product manufacturing, though it involves an upfront cost plus a 2.5 percent royalty on net sales.