Announced Fri, 22 May · 14:11 IST
COSMO FIRST LIMITED has informed the Exchange about Incorporation of Joint Venture Company
COSMOFIRST · price
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Price reaction · full curve 14 horizons · vs prior close
-3.9%1-day move
₹796.00
prior close
₹785.50
base price
In-mkt
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AI summary
Cosmo First has incorporated a new joint venture named 'Filmax Cosmo Korea Limited' with Filmax Corporation, Korea. The JV will handle distribution, sale, and marketing of flexible packaging and other products manufactured by both companies. The equity participation is split 50:50 between Cosmo First and Filmax. This follows an agreement signed in November 2025 to form the joint venture in Korea.
Likely market impact
The JV expands Cosmo First's global footprint into Korea through a strategic equal partnership, enabling distribution of its flexible packaging products in a new market alongside a local partner.