Another JV was between Lancia Shipping (wholly owned subsidiary of Lancer) & Lotus Shipping Services LLC. New company ” SJ GLOBAL SHIPPING SERVICES LLC ” will cater to the vessel operations.
Lancia will own 51% & Lotus will own 49%.
Now I am wondering can Lancer & Lotus be related?
Is the resemblance uncanny?
Further,
^ This is Lotus Shipping Services. And Zohra Chataiwala is Daughter of director.
Question: Did Lancer buy the vessel but the profit shall be split between Lancia (51%) & Lotus (49%)?
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