Kusumgar

India's Kusumgar Ltd signed a non-binding term sheet with Germany's Certoplast Holding GmbH to form a joint venture manufacturing tapes in India, with Kusumgar holding a 50.1% stake and Certoplast 49.9%. Definitive agreements and regulatory approvals are pending.

Motilal Oswal Financial Services invested ₹100 crore in Kusumgar, backing growth in engineered fabrics.