KS Oils

K S Oils Limited has informed the Exchange that: "The Company has entered into a Joint Venture ("JV") in Malaysia with a stake of 49% for the purpose of investments/acquisitions of Palm Plantations and/or manufacture of crude palm oil. This JV would enable the Company's long term objective of backward integration and to secure raw materials sourcing for its crude Palm Oil requirement from South East Asia. The JV company is also in the process of acquiring its first plantation in Malaysia for a negotiated consideration up to 11.50 Malaysian Ringitt.