Acquisitions16 Mar 2026, 03:01 pm
Ucal Ltd's Stake Diluted in Ucal Holdings Inc. After Issuance of Shares to AscentX Inc.
AI Summary
Ucal Ltd has updated the exchange regarding the dilution of its stake in Ucal Holdings Inc. (WOS) following the issuance of 9000 equity shares to a new investor, AscentX Inc., USA. This issuance has resulted in Ucal Ltd's shareholding in Ucal Holdings Inc. being reduced from 100% to 10%, causing Ucal Holdings Inc. to cease being a Wholly Owned Subsidiary of Ucal Ltd. AscentX Inc. USA is a third party and is not related to any Promoter or Promoter Group of the Company.
Key Highlights
- Ucal Ltd's stake in Ucal Holdings Inc. has been diluted from 100% to 10%.
- Ucal Holdings Inc. has issued 9000 equity shares to AscentX Inc., USA.
- AscentX Inc. USA is a third party and not related to any Promoter or Promoter Group of the Company.
- Ucal Holdings Inc. ceases to be a Wholly Owned Subsidiary of Ucal Ltd.
- Ucal Systems Inc. and Amtec Molded Products Inc. cease to be step down subsidiaries of Ucal Ltd.