Announced Wed, 12 Aug · 13:42 IST
Kothari Industrial proposes two MoUs with Tamil Nadu for design education and footwear
KOTIC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-4.3%1-day move
₹150.00
prior close
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base price
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AI summary
Kothari Industrial Corp announces two proposed MoUs with the Government of Tamil Nadu. First, subsidiary Kothari Industrial Trad Design will set up a design education university in Hosur with Accademia IUAD, investing about 50 crore over 5 years and generating around 250 jobs. Second, associate Phoenix Kothari Footwear will set up a non-leather footwear factory in Ramanathapuram, creating about 10,000 jobs over 7 years.
Likely market impact
Signals expansion into design education and footwear manufacturing; long gestation projects, execution and approvals remain key risks.