Atomberg To Form JV With Voltas To Manufacture AC Compressors

IPO-bound consumer appliances startup Atomberg has joined hands with Tata-owned Voltas to manufacture compressors for room air conditioners (ACs) in…

Voltas’ board approved a binding term sheet with Atomberg Innovation Private Limited on Friday, an exchange filing showed. The venture will be owned equally, although Voltas will nominate three directors to its five-member board and Atomberg Innovation two. Voltas owns no stake…