New Launch7 April 2026 at 01:41 pm
NAPS Global India Ltd Incorporates Wholly-Owned Subsidiary in Hong Kong
AI Summary
NAPS Global India Ltd has incorporated a Wholly-Owned Subsidiary (WOS), namely 'NAPS GLOBAL HK LIMITED' in Hong Kong. The new subsidiary has not yet commenced business/operations and has an authorized capital of HKD 1,00,000. The acquisition does not fall under related party transactions and the promoter/promoter group have an interest in the entity only to the extent of their shareholding in the Company. The initial subscription to the new WOS is 10,000 shares of HKD 10 each, amounting to approximately INR 11,86,322. The subsidiary is expected to help the company capture overseas markets and expand its business.
Key Highlights
- NAPS Global India Ltd has incorporated a new Wholly-Owned Subsidiary in Hong Kong.
- The new subsidiary, NAPS GLOBAL HK LIMITED, has an authorized capital of HKD 1,00,000.
- The acquisition does not fall under related party transactions.
- The initial subscription to the new WOS is 10,000 shares of HKD 10 each, amounting to approximately INR 11,86,322.
- The new subsidiary is expected to help the company capture overseas markets and expand its business.