Subsidiary26 Jun 2025, 06:42 pm
Deepak Chemtex Ltd Incorporates Wholly Owned Subsidiary Atlas Tints Inc. (USA) for Business Expansion
AI Summary
Deepak Chemtex Ltd has incorporated a wholly owned subsidiary, Atlas Tints Inc. (USA), on January 20, 2025. The subsidiary is engaged in the business of dyes and colourants. The acquisition is aimed at expanding the business overseas. The subsidiary has become a part of the company on January 20, 2025, with a consideration of Rs. 82/- (100 equity shares at the rate of $ 0.01 per share), representing 100% shareholding and control.
Key Highlights
- Deepak Chemtex Ltd incorporates a wholly owned subsidiary, Atlas Tints Inc. (USA)
- Subsidiary engaged in the business of dyes and colourants
- Acquisition aimed at expanding the business overseas
- Subsidiary became a part of the company on January 20, 2025
- Consideration of Rs. 82/- (100 equity shares at the rate of $ 0.01 per share)