Kerala Ayurveda Forms JV in Bali for Wellness Services
Kerala Ayurveda Limited's subsidiary Nutraveda PTE LTD has formed a 50-50 joint venture with Monica Mohindra to establish Pt. Kerala Ayurveda Bali in Indonesia. The new entity will focus on sports education, wellness, and hospitality services. The joint venture has an authorized share capital of IDR 10 billion and a paid-up capital of IDR 2.5 billion. The agreement includes provisions for share transfers and governance mechanisms to protect both parties' interests.
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Kerala Ayurveda Limited has announced a strategic joint venture agreement through its wholly owned subsidiary Nutraveda PTE LTD with Ms. Monica Mohindra to establish operations in Bali, Indonesia. The joint venture company, Pt. Kerala Ayurveda Bali, will focus on sports education, wellness, and hospitality services.
Joint Venture Structure and Shareholding
The joint venture follows an equal partnership model with both parties holding identical stakes in the new entity. The shareholding structure demonstrates a balanced approach to the international expansion.
| Parameter | Details |
|---|---|
| Joint Venture Partners | Nutraveda PTE LTD (50%) and Ms. Monica Mohindra (50%) |
| Entity Name | Pt. Kerala Ayurveda Bali |
| Authorized Share Capital | IDR 10,000,000,000 (10,000 shares) |
| Paid-up Share Capital | IDR 2,500,000,000 (2,500 shares) |
Each partner holds 1,250 equity shares with an aggregate nominal value of IDR 1,250,000,000, representing exactly 50% shareholding in the joint venture company.
Business Scope and Operations
Pt. Kerala Ayurveda Bali will operate across multiple service segments, combining traditional wellness expertise with modern hospitality and educational services. The business scope encompasses:
- Sports education and recreation services
- Allied hospitality and accommodation services for students, professionals, and other occupants
- Traditional wellness, health, and spa-related activities
- Other allied businesses as mutually agreed between partners
Governance and Share Transfer Restrictions
The joint venture agreement includes comprehensive governance mechanisms to protect both parties' interests. Key provisions include:
| Aspect | Details |
|---|---|
| Share Transfer | Subject to prior offer to existing shareholders at proposed price |
| Third-party Transfers | Allowed only after offer period expiry with General Meeting approval |
| Capital Structure Changes | Require shareholder approval per applicable laws |
| Regulatory Compliance | Subject to applicable regulatory approvals |
Strategic Significance
This joint venture represents Kerala Ayurveda's strategic expansion into the Indonesian market, leveraging its traditional wellness expertise in a new geographical territory. The partnership structure allows the company to enter the market with local expertise while maintaining significant operational control through its subsidiary Nutraveda PTE LTD.
The company has confirmed that this transaction does not constitute a related party transaction and has been structured to comply with all applicable regulations under SEBI Listing Regulations.
Historical Stock Returns for Kerala Ayurveda
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.15% | +0.65% | -7.09% | -39.28% | -19.36% | +571.28% |
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