Business Update9 Apr 2024, 12:23 am
Himatsingka Seide Limited Invests Rs. 16.74 Crores in Wholly Owned Subsidiary, Himatsingka Holdings NA Inc.
AI Summary
Himatsingka Seide Limited has announced an investment of Rs. 16.74 Crores in its wholly owned subsidiary, Himatsingka Holdings NA Inc., by acquiring 115 equity shares. The subsidiary is based in New York, USA, and its paid-up capital is USD 12,92,10,000. The acquisition, a related party transaction, has resulted in no change in percentage of control for Himatsingka Seide Limited.
Key Highlights
- Himatsingka Seide Limited invests Rs. 16.74 Crores in Himatsingka Holdings NA Inc.
- The investment consists of 115 equity shares of USD 10,000 each.
- Himatsingka Holdings NA Inc. is based in New York, USA, with a paid-up capital of USD 12,92,10,000.
- The transaction is a related party transaction and extends Himatsingka Seide Limited's control in the subsidiary.