19-Aug-2026      19:35

Kiri Industries formed Kiri Capital (IFSC) with Rs 20 crore to manage overseas subsidiaries

Kiri Industries Limited announced the incorporation of a wholly owned subsidiary, Kiri Capital (IFSC) Private Limited, on August 19, 2026, with an issued share capital of Rs 20,00,00,000 divided into 20,00,000 Ordinary Equity shares of par value Rs 10 each. The new entity, which will serve as a holding company for the group’s overseas subsidiaries and manage treasury functions, was acquired for a cash consideration of Rs 2,00,00,000, representing 100% of the shareholding.

News source: Capital Market - Live News