Subsidiary26 Sept 2026, 12:32 pm
Sandur Manganese Incorporates Wholly Owned MedTech Subsidiary
AI Summary
Sandur Manganese & Iron Ores Ltd has incorporated a new wholly owned subsidiary, Royal Sandur MedTech Private Limited, on September 25, 2026. The subsidiary, registered in India, will focus on the manufacturing, processing, assembly, marketing, and distribution of medical devices, surgical products, diagnostic products, and healthcare consumables. The initial investment in the subsidiary is ₹1,00,00,000, comprising 10,00,000 equity shares of ₹10 each, representing 100% shareholding by the parent company.
Key Highlights
- Incorporated a new wholly owned subsidiary, Royal Sandur MedTech Private Limited.
- Subsidiary will engage in medical devices and consumables manufacturing.
- Initial investment of ₹1 crore for 100% shareholding.
- Expansion into the healthcare sector through a dedicated entity.
Price Impact
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