Confidence Petroleum India Limited, a unit of Confidence Group, has announced that the company has entered into a memorandum of understanding (MoU) for taking over Mumbai based Agwan Coach Pvt. Limited.
Agwan Coach Pvt. Ltd is in the business of providing logistic support to oil companies for last 14 yrs. After the acquisition, Agwan Coach will become 100% subsidiary of the Confidence Petroleum.
The acquisition of Agwan Coach finds synergy with the existing business of the company and will increase the strength and support the bottling business of the Company.