http://www.free-press-release-center.info Latest press releases for abhishek auto jv from the Free Press Release Center http://www.free-press-release-center.info/pr00000000000000007994.html Abhishek Auto Industries Limited, the country’s first and leading Seat Belts manufacturer with approx. 40% market share and revenues in excess of Rs. 100 crore, today announced a joint venture with KSS (Key Safety Systems), a leader and innovator in global automotive safety systems and components. KSS is a US $ 1 billion MNC specialising in seat belts, steering wheels and air bags, headquartered in Detroit, USA. Under the terms of agreement of the JV, KSS is acquiring a 50% stake in Abhishek Auto Industries Limited and post the JV Abhishek Auto Industries Limited will be renamed as KSS-Abhishek Safety Systems Pvt. Ltd.The balance equity will continue with the existing shareholders of Abhishek Auto Industries Limited. Wed, 24 Oct 2007 07:47:53 -0500