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Corporate Announcement

Security Code : 532762    Company : ACE    
 
Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsDownload PDFDownload XBRL
  Exchange Received Time  09/04/2018 10:48:55         Exchange Disseminated Time   09/04/2018 10:49:01              Time Taken   00:00:06
Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. We wish to inform that URSUS S.A., one of the pioneers and leading company in Tractors, Agricultural Machinery and Electric Buses, incorporated in the Republic of Poland - Europe, having its registered office in Lublin, Poland, has entered into a MOU with Action Construction Equipment Limited (ACE) for localization of their range of Tractors based on Massey Ferguson - URSUS Technology with the purpose of sourcing Tractors and sub-assemblies from ACE and export to other parts of the world. ACE-URSUS brand Tractors based on their technology will also be promoted and sold by ACE in the local market and the Indian sub-continent.
 

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