Board Meeting15 Apr 2024, 05:10 pm
Advait Infratech Limited to Expand Business in Europe with New Subsidiary in Norway
AI Summary
The Board of Directors of Advait Infratech Ltd held a meeting on April 15, 2024, and approved the authorization for the incorporation of a wholly owned subsidiary in Norway. They also approved an investment of up to 5 million USD in this subsidiary, with intentions to cerebrate various opportunities for strategic collaborations, services, manufacturing, marketing, and exchanging technical know-how in the green hydrogen ecosystem.
Key Highlights
- Board approves incorporation of a wholly owned subsidiary in Norway
- 5 million USD investment in new subsidiary
- Expansion into European market and Green Hydrogen ecosystem