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JMD Ventures’ arm inks pact with Neolab Biotech Industries

30 May 2018 Evaluate

JMD Ventures’ subsidiary -- JMD Medico has entered into strategic agreement with Neolab Biotech Industries, a proprietorship firm for an investment of Rs 100 lakh into the company with a profit sharing to the extent of 95% of net profit of said firm.

Neolab Biotech Industries is into the business of ayurvedic medicine production was a supplier to the company prior to entering into the agreement.

JMD is an Indian business conglomerate having a diversified business portfolio spanning across different industries viz a viz entertainment, digital, ecommerce, education, distribution, retail, investment, infrastructure, media, trading & services sectors.

Peers
Company Name CMP
PVR Inox 1400.10
Saregama India 502.90
Shemaroo Entertain. 102.50
UFO Moviez India 59.83
Tips Music 744.90
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