Nippo battery maker forays into renewable energy, to set up a new subsidiary with Apollo Hospitals
Indo-National Ltd (INL) will set up a new subsidiary ‘Nippo Green Energy Pvt Ltd’ as a joint venture with Apollo Hospitals Enterprises.
INL will hold 74 per cent of equity share capital while the remaining 26 per cent paid-up equity share capital will be held by Apollo Hospitals Enterprises.
Meanwhile, the company unveiled a new Nippo brand logo to celebrate 50 years.