Shalby Ltd has informed the stock exchanges that the board of its wholly-owned subsidiary, Mars Medical Devices Ltd (MMDL), has approved investment in the company’s step-down subsidiary, Shalby Global Technologies Pte. Ltd, Singapore.’
According to the regulatory filing, MMDL’s shareholding in SGTPL will be 100 per cent. It will invest in 2,00,000 preference shares of SGD 1 each. However, there will not be any change in equity shareholding.
The Shalby stock rose by 3.21 per cent on the NSE, at ₹325.10 as of 2:03 pm on Monday.
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.