# Apar Industries forms joint venture with PPS Motors for lubricants

Apar Industries Limited entered into a joint venture agreement with PPS Motors Private Limited and others, incorporating Ampoil Apar Lubricants Private Limited to market lubricants under the AMPOIL brand. Apar holds a 40% share. The agreement was announced on January 2, 2018.

- Type: Acquisition
- Announced: 2018-01-02
- Where: India
- Status: announced
- Products: lubricants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Apar Industries Limited](https://endata.com/companies/29109.md) (partner)
- [PPS Motors Private Limited](https://endata.com/companies/29110.md) (partner)
- [Ampoil Apar Lubricants Private Limited](https://endata.com/companies/29111.md) (target)

## Sources

- [moneycontrol.com](https://www.moneycontrol.com/news/business/announcements/apar-industries-joint-venture-2473613.html), 2018-01-02: "Apar Industries Limited (AIL) has entered into a Joint venture agreement with M/s. PPS Motors Private Limited (PMPL) and Other and for the purpose incorporated a Company in the name of 'Ampoil Apar Lubricants Private Limited' (AALPL)."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.