Subsidiary23 Sept 2026, 05:00 pm
Capital Trade Links Incorporates Wholly Owned Subsidiary
AI Summary
Capital Trade Links Limited announced the incorporation of its wholly owned subsidiary, RENTWORKS SERVICES INDIA PRIVATE LIMITED. This new entity will focus on renting and leasing furniture, appliances, and other tangible assets, aligning with the company's strategy to diversify into the equipment rental and leasing sector. The Board also approved a strategic investment of up to ₹10 crore in Rhythms Industries Private Limited, including subscription to its rights issue, potentially increasing Capital Trade Links' shareholding and control in Rhythms Industries.
Key Highlights
- Capital Trade Links incorporates a new wholly owned subsidiary, RENTWORKS SERVICES INDIA PRIVATE LIMITED.
- The subsidiary will engage in renting and leasing of furniture, appliances, and tangible assets.
- Company approved investment up to ₹10 crore in Rhythms Industries Private Limited.
- Investment includes subscription to Rhythms Industries' rights issue.
- Strategic move to diversify business operations and enter equipment rental sector.
Price Impact
More from CTL