Atul Ltd (NSE:ATUL, BOM:500027) said AtulBuckman Specialties has been incorporated as a joint venture between Atul and Buckman Laboratories (Asia), according to a Friday filing.
The new entity will operate in water treatment chemicals and solutions, including digital solutions linked to water treatment applications.
Atul and Buckman Laboratories (Asia) will each hold a 50% equity stake in the joint venture.
The company has been incorporated with an authorized and paid-up share capital of 1 million Indian rupees each, with the investment yet to be infused, the filing said.