Subsidiary25 May 2026, 07:32 pm
Divgi TorqTransfer Systems to Incorporate US Subsidiary
AI Summary
Divgi TorqTransfer Systems Ltd has announced the incorporation of a wholly-owned subsidiary in the United States of America. The Board of Directors approved the investment of up to ₹3.00 crores in the Foreign WOS through equity shares. The subsidiary will focus on advance business development, sales, marketing, promotion, and distribution in the automotive industry. Regulatory approvals under FEMA and RBI guidelines will be required.
Key Highlights
- Divgi TorqTransfer Systems to incorporate a wholly-owned subsidiary in the USA.
- Investment of up to ₹3.00 crores approved for the Foreign WOS.
- The subsidiary will focus on business development and sales in the automotive sector.
- Regulatory approvals required under FEMA and RBI guidelines.
Price Impact
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