Jay Ambe Supermarkets Forms US Subsidiary, City Square Global LLC

Jay Ambe Supermarkets Limited has announced the formation of its subsidiary, City Square Global LLC, a limited liability company established in New Jersey, United States. The company, along with two other members, has contributed an aggregate capital of USD 10,000, with Jay Ambe Supermarkets Limited holding a 51% stake (USD 5,100). The entity is newly formed and has not yet commenced operations, thus having no turnover or financial statements. The intimation was delayed due to the late receipt of necessary documents from the US representative, which has been explained and regretted by the company.