Investment20 Sept 2025, 06:34 pm
Spice Lounge Food Works Ltd to Invest up to USD 5 Million in its Wholly Owned Subsidiary Teksoft Systems INC, USA
AI Summary
Spice Lounge Food Works Ltd has announced that its Board of Directors will meet on 24th September 2025 to consider and approve a proposal for making an Overseas Direct Investment (ODI) in its Wholly Owned Subsidiary (WOS), Teksoft Systems INC, located in the United States of America. The proposed investment is up to USD 5 Million, which may be made in one or more tranches, in compliance with applicable laws and regulations. The details of the investment will be disclosed after the outcome of the Board Meeting.
Key Highlights
- Spice Lounge Food Works Ltd to invest up to USD 5 Million in its Wholly Owned Subsidiary Teksoft Systems INC, USA
- The investment will be made in compliance with applicable laws and regulations
- The proposed investment is up to USD 5 Million
- The investment may be made in one or more tranches
- The details of the investment will be disclosed after the outcome of the Board Meeting