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Board of Roto Pumps to set up marketing subsidiaries in Malaysia and Thailand

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Board approves listing of shares on NSE

The Board of Roto Pumps at its meeting held on 10 February 2020 has approved the setting up of wholly owned subsidiaries in Malaysia and Thailand to carry out sales and marketing of the company's products supplied from India. The subsidiaries would source bought out components from local market/ import and also maintain the warehouse facility. The said subsidiaries would be set up as step down subsidiaries of Roto Overseas, a wholly owned subsidiary of the company in Singapore. This would involve a capital investment of Rs 6 crore. The Board also authorised the listing of shares of the company on the National Stock Exchange.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, February 11 2020. 10:20 IST