Subsidiary11 Sept 2026, 12:21 pm
BlackBuck Ltd to Incorporate Wholly Owned Subsidiary in India
AI Summary
BlackBuck Limited announced that its Board of Directors, in a meeting held on September 11, 2026, approved the incorporation of a Wholly Owned Subsidiary (WOS) in India. The proposed subsidiary, to be named BlackBuck Transport Services Private Limited or similar, will focus on logistics products and services, including acquiring and operating transport assets, and providing electronic platforms for logistics. The WOS will be 100% owned by BlackBuck Limited, with shares subscribed at face value in cash. The board meeting commenced at 11:48 AM IST and concluded at 12:10 PM IST.
Key Highlights
- Board approved incorporation of a Wholly Owned Subsidiary in India.
- The subsidiary will operate in transportation and storage services.
- It will offer logistics products, transport asset services, and digital platforms.
- BlackBuck Limited will hold 100% share capital of the new entity.
- Shares will be subscribed at face value of INR 10/- per share in cash.
Price Impact
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