Subsidiary24 Nov 2024, 01:20 am
Afcons Infrastructure Ltd Announces Winding Up of Afcons Infra Projects Kazakhstan LLP
AI Summary
Afcons Infrastructure Ltd has announced the winding up of its step-down subsidiary, Afcons Infra Projects Kazakhstan LLP. The decision was approved during the Board meeting held on November 23, 2024. The winding-up process is expected to be completed by March 31, 2025, subject to obtaining necessary approvals. The Kazakhstan-based subsidiary did not contribute to the revenue or net worth of the company during the last financial year.
Key Highlights
- Afcons Infrastructure Ltd has decided to wind up its step-down subsidiary, Afcons Infra Projects Kazakhstan LLP.
- The decision was approved during the Board meeting held on November 23, 2024.
- The winding-up process is expected to be completed by March 31, 2025, subject to obtaining necessary approvals.
- The Kazakhstan-based subsidiary did not contribute to the revenue or net worth of the company during the last financial year.