New Launch2 April 2026 at 02:04 pm
Zensar Technologies Ltd Receives In-Principle Approval for Setting Up New Entity/Branch in Qatar
AI Summary
Zensar Technologies Ltd has received in-principle approval for setting up a new entity or branch in Qatar. The decision was made at the Board of Directors meeting held on April 2, 2026. The new entity or branch will be set up either directly by the company or by its subsidiary(ies). The company or its subsidiary(ies) will subscribe to the minimum capital as may be necessary, at face value. The decision is considered a related party transaction as the new entity or branch will be a step-down subsidiary of the company or its subsidiary(ies).
Key Highlights
- Zensar Technologies Ltd has received in-principle approval for setting up a new entity or branch in Qatar.
- The new entity or branch will be set up either directly by the company or by its subsidiary(ies).
- The company or its subsidiary(ies) will subscribe to the minimum capital as may be necessary, at face value.
- The decision is considered a related party transaction as the new entity or branch will be a step-down subsidiary of the company or its subsidiary(ies).