Subsidiary5 Oct 2026, 03:16 pm
Gravita India to Incorporate Wholly Owned Subsidiary in USA
AI Summary
Gravita India Ltd announced that its Board of Directors has approved the incorporation of a wholly-owned subsidiary in the United States of America. The new entity, to be named Gravita Recyclers USA Inc. or similar, will be engaged in the trading of scrap and scrap materials. The initial capital investment for this subsidiary is USD 50,000, to be subscribed in cash.
Key Highlights
- Board approved incorporation of a wholly-owned subsidiary in USA.
- The subsidiary will focus on trading scrap and scrap materials.
- Initial capital investment is USD 50,000 in cash.
- The subsidiary will be named Gravita Recyclers USA Inc. or similar.
Price Impact
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