Subsidiary28 May 2026, 10:50 pm
Board Approves Wholly-Owned Subsidiary in Indonesia
AI Summary
The Board of Directors of 500477 has approved the incorporation of a wholly-owned subsidiary company in Indonesia. This strategic decision is contingent upon obtaining all necessary regulatory approvals and adhering to applicable laws. The company will provide further disclosures as required by SEBI regulations once the subsidiary is officially incorporated. The board meeting for this approval was held from 11:00 a.m. IST to 2:45 p.m. IST.
Key Highlights
- Board approved a wholly-owned subsidiary in Indonesia.
- Incorporation is subject to regulatory approvals and local laws.
- Further disclosures will be made post-incorporation.
- Signals potential international expansion for the company.
Price Impact
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