Clio Infotech to Invest £1000 in UK Subsidiary

Clio Infotech Limited's Board of Directors has approved an investment of approximately £1000 (One Thousand GBP) in Clio Quantinfra Limited, a new entity being incorporated in the United Kingdom. This investment, made through subscription to the share capital, will result in Clio Quantinfra Limited becoming a wholly-owned subsidiary of Clio Infotech. The transaction is considered an arm's length deal, with no interest from promoter/promoter group/group companies. The target entity will be involved in software designing, development, and IT-related services. The acquisition is expected to be completed within 12 months, with only procedural approvals from the UK Company House required.