Subsidiary23 Oct 2026, 03:24 pm
Granules India Incorporates Wholly Owned Subsidiary in Mexico
AI Summary
Granules India Ltd has announced the incorporation of its wholly owned foreign subsidiary, TRITON FARMACEUTICA S.A. de C.V., in Mexico. This new entity, incorporated on October 22, 2026, is intended to manufacture, promote, sell, and distribute pharmaceuticals and related products within Mexico. The subsidiary has an authorized share capital of 4,50,000 shares of MXN 10.00 each. While it is a related party upon incorporation, the Promoter & Promoter Group of Granules India do not have any interest in this new entity. The subsidiary has not yet commenced business operations, and therefore, historical turnover and acquisition cost details are not applicable at this stage.
Key Highlights
- Granules India incorporated a wholly owned subsidiary in Mexico.
- The subsidiary is named TRITON FARMACEUTICA S.A. de C.V.
- The entity will focus on pharmaceutical manufacturing and distribution.
- It is a new incorporation and has not yet started business operations.
Price Impact
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