Himadri Speciality Chemical Incorporates Dubai Subsidiary
Himadri Speciality Chemical Ltd has announced the incorporation of its wholly-owned foreign subsidiary, ARDENT IMPEX FZCO, in Dubai, UAE. This new entity, established in the Dubai Airport Free Zone with an authorized capital of AED 200,000, will focus on Industrial Chemicals Trading and Petrochemicals Trading. The subsidiary has not yet commenced business operations. The incorporation is part of the company's strategy to expand its trading activities in the UAE market. The investment will be made in cash.
Key Highlights
- Himadri Speciality Chemical establishes a wholly-owned subsidiary in Dubai.
- New entity, ARDENT IMPEX FZCO, to focus on chemical trading.
- Subsidiary has an authorized capital of AED 200,000.
- Operations yet to commence; cash investment planned.
- Expansion into UAE market for trading activities.
Price Impact
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