To collaborate in business of setting up and operating restaurants
Dhunseri Petrochem (DPL) has entered a joint venture on 29 March 2018 with Choicest Enterprises (CEL) of Ambuja Neotia group to collaborate in the business of setting up and operating restaurants for making and selling the well known 'UNO' brand of Chicago style deep dish pizzas and such other business as may be decided in future. The JV company chosen for this purpose is Tastetaria, which was formed in 2016 and was already pursuing such business on its own as a wholly owned subsidiary of Dhunseri Petrochem. Pursuant to the said agreement, CEL will acquire 75% of the existing share capital of Tastetaria from DPL while DPL will retain 25% of the share capital in Tastetaria.Powered by Capital Market - Live News
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