Subsidiary5 Oct 2026, 03:24 pm
Gravita India to Incorporate Wholly Owned Subsidiary in USA
AI Summary
Gravita India Ltd announced its Board of Directors has approved the incorporation of a Wholly Owned Subsidiary (WOS) in the United States of America (USA). The proposed entity, tentatively named Gravita Recyclers USA Inc., will be engaged in the trading of scrap and scrap materials. The initial capital investment for this subsidiary is set at USD 50,000, with Gravita India Ltd subscribing 100% to the initial capital in cash. This move signifies Gravita India's strategic expansion into the US market to bolster its trading operations.
Key Highlights
- Gravita India to establish a wholly-owned subsidiary in the USA.
- The subsidiary will focus on trading scrap and scrap materials.
- Initial capital investment is USD 50,000.
- The company will hold 100% shareholding in the new entity.
- This expansion aims to strengthen global trading operations.
Price Impact
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