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Board of Kitex Garments approves incorporation of four new subsidiaries

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At meeting held on 12 October 2018

announced that the Board of Directors of the company at its meeting held on 12 October 2018 has approved incorporation of 4 Wholly owned Subsidiaries (WoS) of the Company with an investment of Rs. 10 lakhs each constituting Rs. 40 lakhs. The Company has incorporated a Wholly owned Subsidiary viz., Kitex Littlewear and other WoS company incorporation is underway. The incorporation and investments are in line with investment plan for Strategic Road Map 2025.

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First Published: Fri, October 12 2018. 12:44 IST