Greenlam Industries announces incorporation of step-down subsidiary in Russia

Image
Capital Market
Last Updated : Nov 03 2020 | 12:50 PM IST
Greenlam Industries announced the incorporation of GREENLAM RUS LLC on 02 November 2020 in Russian Federation, to carry out, inter alia, the business of marketing and distribution of decorative laminates and other paper and/ or wood based products.

In the said GREENLAM RUS LLC, Greenlam Asia Pacific Pte. Ltd. (a wholly-owned subsidiary of Greenlam Industries, in Singapore) holds 99% shares, and balance 1% share is held by Greenlam Industries.

Accordingly, the said GREENLAM RUS LLC has become a step-down subsidiary of Greenlam Industries upon its incorporation.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 03 2020 | 12:23 PM IST

Next Story